River City Ranches #1 Ltd., Leon Shepard, Tax Matters Partner - Page 2

                                        - 2 -                                         
                           385-95,    386-95,                                         
                           14718-95,  14719-95,                                       
                           14720-95,  14722-95,                                       
                           14724-95,  21461-95,                                       
                           5196-96,   5197-96,                                        
                           5198-96,   5238-96,                                        
                           5239-96,   5240-96,                                        
                           5241-96,   9779-96,                                        
                           9780-96,   9781-96,                                        
                           14038-96,  21774-96,                                       
                           3304-97,   3305-97,                                        
                           3306-97,   3311-97,                                        
                           3749-97,  15747-98,                                        
                           15748-98,  15749-98,                                       
                           15750-98,  15751-98,                                       
                           15752-98,  15753-98,                                       
                           15754-98,  19106-98,                                       
                           13250-99,  13251-99,                                       
                           13256-99,  13257-99,                                       
                           13258-99,  13259-99,                                       
                           13260-99,  13261-99,                                       
                           13262-99,  16557-99,                                       
                           16563-99,  16568-99,                                       
                           16570-99,  16572-99,                                       
                           16574-99,  16578-99,                                       
                           16581-99,  17125-99.                                       

               Montgomery W. Cobb, for petitioners.                                   
               Terri Ann Merriam and Wendy S. Pearson, for participating              
          partners in docket Nos. 9554-94, 13599-94, 383-95, and 16578-99.            
               Thomas A. Dombrowski, Catherine A. Caballero, Alan E.                  
          Staines, Thomas N. Tomashek, Dean H. Wakayama, and Nhi Luu, for             
          respondent.                                                                 

                                      Contents                                        

          FINDINGS OF FACT ....................... 7                                  
          A. Overview of the Hoyt Operations ............. 7                          
          B.   Formation and Operation of the Hoyt Sheep Partnerships .. 9            







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Last modified: May 25, 2011