- 5 - months of imprisonment and ordered to pay restitution to the victims of his crimes. B. Criminal Tax Investigations of Jay Hoyt After the initial IRS examinations of the many cattle partnerships, several criminal investigations relating to Jay Hoyt’s activities were commenced by the IRS’s Criminal Investigation Division (CID). From April 23, 1984, until April 21, 1986, CID conducted an investigation of Jay Hoyt for allegedly backdating documents to enable 12 investor-partners to claim improper deductions and credits. On April 21, 1986, CID referred the case to IRS District Counsel, recommending prosecution. On July 31, 1986, the IRS District Counsel’s Office in Sacramento, California, referred the matter to the Department of Justice (DOJ) for prosecution. The DOJ then forwarded the matter to the U.S. Attorney’s Office in Sacramento for review and consideration. On August 12, 1987, the U.S. Attorney’s Office declined to prosecute Jay Hoyt. On or about July 28, 1989, a member of the IRS Examination Division team examining Hoyt partnership returns for the 1983 through 1986 taxable years recommended that the CID investigate Jay Hoyt for allegedly making and/or assisting in fraudulent or false tax return statements in connection with his promotion and operation of the cattle partnerships. On October 13, 1989, thePage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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