- 12 - were sent to petitioners. On December 26, 2001, Jacob sent a letter to each petitioner which referenced his case and stated that Jacob had received “the last of the requisite documents from the Internal Revenue Service wrapping up the nine-year mess related to * * * [your] sale of Pennysaver.” Petitioners each received a copy of this letter, and both understood from this letter that the cases pending before this Court were being resolved. On January 28, 2002, Jacob sent a letter to respondent, enclosing executed decision documents for both cases; copies of this letter and the decision documents were sent to petitioners and to Hesselbacher. On February 7, 2002, the Court ordered the parties to file status reports on or before February 21, 2002. Jacob sent a letter dated February 8, 2002, in response to the order in which he advised the Court that he had signed decision documents and returned them to respondent; copies of this letter were sent to petitioners. On February 21, 2002, the stipulated decisions were entered by the Court. Those decisions found Geoffrey liable for a 1996 tax deficiency of $1,695,600 and related penalties totaling $408,411, together with related interest on both amounts; Peter was found liable for a 1996 tax deficiency of $1,639,157 and related penalties totaling $416,562.25, together with related interest on both amounts.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011