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the Hoyt partnerships. Petitioner and Mr. Bartak owned stock and
had invested in other partnerships.
One partnership petitioner and Mr. Bartak were partners in
invested in real estate. Petitioner signed the documents for
this partnership investment.
Another partnership petitioner and Mr. Bartak were partners
in was Silver Screen Partners, Ltd. This partnership invested in
movies that had not yet been made.
Another partnership petitioner and Mr. Bartak were partners
in was Cornerstone Investment. Cornerstone Investment was formed
to operate a building materials yard. Before they invested in
Cornerstone Investment, petitioner and Mr. Bartak visited
Cornerstone Investment’s property and saw what Cornerstone
Investment would be doing.
Mr. Bartak also invested in limited partnerships and real
estate with his, and petitioner’s, son William.
Documents from the Hoyt Organization
Petitioner and Mr. Bartak received promotional materials
from the Hoyt organization about the Hoyt partnerships. Mr.
Bartak accumulated and maintained a file of all the documents he
received related to petitioner and Mr. Bartak’s investments in
Hoyt partnerships--whether from the Hoyt organization or from the
IRS.
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Last modified: May 25, 2011