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and Gershon were the cotrustees of the trust, and Seltzer and his
wife were the trust’s primary beneficiaries.
3. Seltzer
Seltzer is the nephew of the Landerses. In 1988, Seltzer
began working for the Landerses managing their real estate
holdings (mostly, rental properties). Seltzer’s managerial
duties included collecting rent, handling repairs, and paying
bills. As to the trust, Seltzer’s responsibilities included
assuring that all of decedent’s expenses were paid timely and in
full and that all of the rents were collected and deposited into
the appropriate bank accounts.
Daly Property Management (DPM) and GlenLee, LLC (GlenLee),
are real estate management businesses in which Seltzer (or his
family) have ownership interests. Seltzer is DPM’s president and
GlenLee’s general managing partner.
4. Gershon
Gershon was an enrolled agent who performed the tax and
accounting services for the rental properties owned directly or
indirectly by the Landerses. Gershon also prepared the estate
tax return and prepared the trust’s 2000 Federal income tax
return. The trust’s 2000 Federal income tax return was signed by
Seltzer on April 14, 2001, and received by respondent for filing
on April 18, 2001.
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Last modified: May 25, 2011