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CONTENTS
Page
Introduction....................................................9
FINDINGS OF FACT...............................................15
I. Kersting Tax Shelter Programs and Related Matters........15
A. The Pike Case............................................15
B. Kersting Criminal Investigation..........................16
C. Assessments of Kersting Promoter Penalties...............18
D. Kersting Notice of Deficiency............................19
II. Notices of Deficiency Issued to Kersting Program
Participants ............................................20
A. Form of Notices of Deficiency............................20
B. Thompson Notices of Deficiency...........................21
C. Cravens Notices of Deficiency............................23
D. Alexander Notices of Deficiency..........................24
1. 1974 and 1975.........................................25
2. 1976 and 1977.........................................26
E. Validity of Notices of Deficiency........................27
F. Errors in Notices of Deficiency..........................27
III. Commencement of Kersting Project ........................28
A. Tax Shelter Projects and Test Case Procedures............28
1. Overview..............................................28
2. National Office Tax Shelter Branch Functions..........30
B. Petitions for Redetermination............................31
C. Brian J. Seery...........................................32
D. Respondent's Counsel.....................................33
1. Kenneth W. McWade.....................................33
2. William A. Sims.......................................34
E. Adoption of Test Case Procedures in Kersting Project.....34
1. The Honolulu Session (June 1985)......................34
2. Test Case Procedure...................................35
3. Test Case Array.......................................38
IV. The Maui Session (February 1987).........................42
A. Trial Notices............................................42
B. Piggyback Agreements.....................................44
C. Mr. Seery's Withdrawals as Counsel.......................48
1. The Thompsons.........................................49
2. The Test Cases........................................50
D. Entries of Appearance by Chicoine and Hallett............51
E. Evidentiary Issues.......................................54
1. The Maui Session......................................54
2. Dixon I Opinion.......................................55
V. Kersting Disputes With Program Participants..............55
A. The Thompsons............................................56
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Last modified: May 25, 2011