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Mr. Wickersham's Accountant
Since 1984, Jane Whitfield (Ms. Whitfield), a certified
public accountant, has been Mr. Wickersham's return preparer for
his personal and corporate tax returns. She also gave Mr.
Wickersham general tax advice when he was considering business
deals. In July 1989, when Mr. Wickersham thought the OCPND board
was going to vote to acquire the Peveto, Mr. Wickersham went to
Ms. Whitfield to discuss how he could save money on the sale of
the Peveto.
Mr. Wickersham told Ms. Whitfield about the OCPND's interest
in the Peveto and that he was interested in acquiring a piece of
real property owned by a longtime business associate (Ms. Stark).
Ms. Whitfield and Mr. Wickersham discussed the possibility of a
like-kind exchange pursuant to section 1031.
Mr. Wickersham approached Ms. Stark about selling him some
land she owned in a three-way transaction, and she agreed to the
sale. Sometime between August 11 and 18, 1989, however, Ms.
Stark's attorney informed Mr. Wickersham that he (the attorney)
had advised Ms. Stark not to go through with the three-way
transaction.
Mr. Wickersham's Tax Attorney
After learning that Ms. Stark would not participate in the
three-way transaction, Mr. Wickersham spoke with his tax
attorney, Peter Wells (Mr. Wells), and informed him of the
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Last modified: May 25, 2011