- 10 -
disbursements included $125 per month to Joan Noske for her
bookkeeping services.
On November 16, 1985, the U.S. District Court for the
District of Minnesota entered a Final Judgment of Permanent
Injunction as to James and Joan Noske, finding that they had
engaged in conduct subject to penalty under section 6700 and
enjoining them from organizing, assisting, selling, or otherwise
promoting business trusts as abusive tax shelters. As part of
the judgment, the Noskes were ordered to supply respondent’s
District Director with the names and addresses of all purchasers
of the 186 business trusts on file with the Minnesota Secretary
of State which list Armageddon and Parnell as corporate trustees.
Subsequently, the Noskes identified Oak Hill and Pleasant Acres
as being among the business trusts involved in the injunction
action.
In September 1995, Joan and James Noske were convicted of,
among other things, conspiracy to defraud the United States by
impeding the Internal Revenue Service, and conspiracy to evade
Federal income taxes. The convictions were based on the Noskes’
participation in a scheme to assist their clients in reducing or
avoiding Federal income taxes by forming business trusts which
named Armageddon and Parnell as trustees. It was further
determined that the Noskes participated in a scheme whereby their
clients would transfer all of their income-producing property to
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Next
Last modified: May 25, 2011