Victor Grigoraci and Judith A. Grigoraci, et al. - Page 4




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          determined adjustments to TWA’s 1996 partnership return.  The               
          notice was issued to Charles William Wright CPA Accounting Corp.            
          (Wright S Corp.), as Tax Matters Partner of TWA.  The FPAA                  
          described the disputed adjustment to TWA’s partnership return as:           
               It has been determined that the following individuals                  
               are the actual partners of the partnership: Donald E.                  
               Trainer (with a profits interest of 50 percent), and                   
               Charles W. Wright (with a profits interest of 50                       
               percent).  It has also been determined that the                        
               following pass-thrus [sic] are not actual partners of                  
               the partnership: Donald E. Trainer, CPA, A/C (also                     
               known as Donald E. Trainer Accounting Corp.), and                      
               Charles William Wright, CPA, A/C (also known as Charles                
               William Wright, CPA, Accounting Corp.).[4]                             
               GTWP is a partnership with its principal place of business             
          in Charleston, West Virginia.5  GTWP also is in the business of             
          providing public accounting services to its clients.  An FPAA,              
          dated April 14, 2000, determined an adjustment to GTWP’s 1996               
          partnership return.  The FPAA was issued to Wright S Corp., as              
          the Tax Matters Partner of GTWP.  The FPAA described the disputed           
          adjustment to GTWP’s partnership return as:                                 
               It has been determined that the following individuals                  
               are the actual partners of the partnership: Donald E.                  
               Trainer (with a profits interest of 23 percent),                       
               Charles W. Wright (with a profits interest of 23                       
               percent), and Victor Grigoraci (with a profits interest                
               of 54 percent).  It has also been determined that the                  
               following pass-thrus [sic] are not actual partners of                  
               the partnership: Donald E. Trainer, CPA, A/C (also                     

               4  Respondent also made an adjustment to TWA’s deductions,             
          but this adjustment is not in dispute.                                      
               5 The parties have agreed that GTWP and TWA were separate              
          partnerships in 1996.                                                       





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