Patricia M. Mora, F.K.A. Patricia Rasberry - Page 5




                                        - 5 -                                         
          shelter or about his decision to allow the Hoyt organization to             
          prepare his and petitioner’s joint tax returns.                             
               Petitioner had little if any involvement with the Hoyt                 
          organization.  She was new to this country, had no experience               
          with U.S. income tax laws, and trusted intervenor to handle their           
          tax return preparation.  However, petitioner was aware that                 
          intervenor had made some financial arrangements with the Hoyt               
          organization.                                                               
               Petitioner and intervenor were both wage earners who did not           
          itemize their deductions.  The tax office of W.J. Hoyt & Sons               
          Management Co. prepared their 1985 and 1986 tax returns.                    
          Intervenor delivered his and petitioner’s financial information             
          (consisting of the wage information from their Forms W-2, Wage              
          and Tax Statement) to the Hoyt office.  From that information,              
          the Hoyt office prepared and mailed the final returns to                    
          petitioner and intervenor for their signatures.                             
               The joint Federal income tax return of petitioner and                  
          intervenor for 1985 showed wages of $30,203 and Shorthorn                   
          partnership losses of $20,180.  Their joint return for 1986                 
          showed wages of $36,943 and Shorthorn partnership losses of                 
          $26,234.  On the basis of  the filed returns, petitioner and                
          intervenor received income tax refunds of $3,185 for 1985 and               
          $3,947 for 1986.                                                            
               Hoyt told intervenor to endorse and forward the refund                 






Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011