Leatherstocking 1983 Partnership, Sam I. Brown, A Partner Other Than The Tax Matters Partner - Page 10

                                        -10-                                          
          Tax Returns for an S Corporation, for the calendar years 1987               
          through 1990.”  In relevant part, the September 1992 agreement              
          required that Steele:  (1) File “accurate” 1986 through 1991                
          Federal tax returns (or amended tax returns if applicable) for              
          himself and for Roblis, (2) pay or agree to pay to the Internal             
          Revenue Service any income tax that is owed by him, by any                  
          related entity, or by any entity that he controls, and any                  
          withholding tax that he failed to pay over to the Internal                  
          Revenue Service from 1983 to present, and (3) “cooperate fully              
          with the IRS in an expeditious manner in order to resolve his tax           
          liability and any tax liability and examinations of” entities               
          that included Leatherstocking, Roblis, and some other entities              
          related to Leatherstocking.  The September 1992 agreement did not           
          require Steele to sign any of the consents at issue here and                
          stated specifically that “this Agreement is in no way intended to           
          require Robert L. Steele to give up any rights he may have to               
          contest IRS determinations during any administrative or civil               
          actions”.                                                                   
               On October 6, 1992, Steele pleaded guilty to the one-count             
          criminal information filed in the Southern District of New York.            
          On June 4 and July 8, 1993, Steele was sentenced on all three of            
          the charges to which he had pleaded guilty, and he was ordered to           
          report to prison on August 27, 1993.  Steele’s sentence was 7               
          years of imprisonment and a $20,000 fine for the charge in                  






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