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property. One of the other parcels of property, next to a
railroad station, was taken over by the Government and a deed was
changed in 1984 to reflect new ownership. Petitioner was also
investigated by the revolutionary government for a few years
after 1979.
During the period after 1979 through the early 1990s
petitioner, through his business associates, continued attempts
to obtain access to the properties. The attempts included, among
other things, payments of large amounts of cash to persons having
some power in the revolutionary government. Petitioner continued
to stay in contact with his former business partners even after
he came to the United States in 1988 in the hope of reclaiming
the expropriated properties or receiving some compensation.
Petitioner knew of some property owners who were successful in
having their property returned after the revolution.
Petitioner and his business associates were unsuccessful in
their attempts to reclaim the properties. Petitioner has not
received any compensation relating to his interest in the four
parcels of property expropriated by the Iranian Government.
Petitioner did not institute any court action in an attempt to
regain the expropriated properties.
On December 10, 2000, petitioners filed their 1999 Federal
income tax return. Petitioners received an automatic 4-month
extension of the required filing date until August 15, 2000, but
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