YMO Trust - Page 2




                                        - 2 -                                         

          60(a).2  The petition was filed with the Court in the name of               
          petitioner by its cosettlor, Mr. Jablonski, in his stated                   
          capacity as petitioner’s managing director.3  Petitioner                    
          petitioned the Court to redetermine respondent’s determination of           
          deficiencies of $1,417,739 and $1,271,047 in its Federal income             
          tax for 1994 and 1995, respectively, and accuracy-related                   
          penalties under section 6662(a) of $283,547.80 and $254,209.40,             
          respectively.                                                               
               On June 27, 2000, we ordered petitioner to respond to                  
          respondent’s motion by July 11, 2000, setting forth in its                  
          response its position as to the motion and attaching any                    
          pertinent documents in support of its position.  We ordered                 
          petitioner to list in its response the name of its trustee and a            
          list of its assets and liabilities as of the date of the                    
          response.  We ordered petitioner to attach to its response a copy           
          of the trust instrument(s) under which it has operated on or                
          after the date of the petition.  We admonished petitioner that we           
          might dismiss its case if it did not comply fully with our order.           




          2 Rule references are to the Tax Court Rules of Practice and                
          Procedure.  Section references are to the Internal Revenue Code             
          in effect for the years in issue.                                           
          3 The other cosettlor is Marsha Jablonski.  The trust                       
          instrument defines a settlor as “That person who is settling or             
          exchanging his property into the Trust Organization.”                       





Page:  Previous  1  2  3  4  5  6  7  Next

Last modified: May 25, 2011