Sue Taylor - Page 9

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          to the amended Form 1065 was Form 8275 including tax protester              
          rhetoric similar to that on Form 8275 attached to the return                
          filed by Miroyal in 2000.                                                   
               During 1999 and 2000, National Land Bank had a bank account            
          at the San Tan Credit Union (Account No. 8198).  Mr. Johnson                
          testified that petitioner controlled Account No. 8198 at the San            
          Tan Credit Union in the name of National Land Bank and authorized           
          all payments from this account in the name of National Land Bank.           
               2.   Taxable Year 2000                                                 
               On June 7, 2001, petitioner filed Form 1065 for 2000 on                
          behalf of National Land Bank showing no income.  As in the                  
          instance of the amended 1999 tax return, the attached Form 8275             
          contained tax protester rhetoric.  In addition, a Form 4852,                
          Substitute for Form W-2, Wage and Tax Statement, or Form 1099-R,            
          Distributions From Pensions, Annuities, Retirement or Profit-               
          Sharing Plans, IRAs, Insurance Contracts, etc. (stating that                
          National Land Bank had, in petitioner’s opinion, been unable to             
          obtain a correct Form 1099, Miscellaneous Income, from its                  
          employer, Circle G Property Development), accompanied National              
          Land Bank’s Form 1065 tax return for 2000.                                  


               8(...continued)                                                        
          Trust are one and the same entity and shall hereafter refer to              
          both as “Speck”.  Despite the amended 1999 Federal income tax               
          returns for petitioner and National Land Bank, respondent audited           
          the original returns, and the audit adjustments are keyed to                
          those returns as is our report in this case.                                





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