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Petitioners did not file a claim with the Iranian Claims
Tribunal because the Government of Iran did not expropriate GMS
and a dispute between private parties is not heard by the Iranian
Claims Tribunal.
Petitioners’ Balance Sheets in the 1980's
In the early 1980's, petitioners’ certified public
accountant prepared a list of petitioners’ assets and liabilities
in connection with some estate planning work that he was
conducting for them. The list did not include a receivable due
from Ammareh or any receivable due from a sale of a business in
Iran. In 1982, petitioners applied for a personal loan from
Wells Fargo Bank. Petitioners did not list a receivable due from
the sale of the Iranian business. In subsequent real estate
applications and statements of financial condition prepared up to
1987, there is no indication of a receivable due from the sale of
an Iranian business.
Petitioners’ Tax Return Preparers
Petitioner filed a Federal tax return for the first time in
1979. This joint return was prepared by Douglas Woodward, and
there is nothing on the return to indicate that petitioner sold a
business in that year.
Petitioners’ 1981 through 1985 tax returns were prepared by
the Brigante & Johnson Accountancy Corp. (Brigante & Johnson).
In 1986, Brigante & Johnson split, and William J. Johnson (Mr.
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Last modified: May 25, 2011