Colin P. Murphy - Page 5




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         INSTRUMENT, THIS IS A GRANTOR TRUST.  IN ACCORDANCE WITH SECTIONS            
         671-678 IRC, 1986, ALL INCOME IS TAXABLE TO THE GRANTOR.                     
         STATEMENTS OF INCOME, DEDUCTIONS AND CREDITS ARE ATTACHED.”  The             
         trust return also reported that CM Trust was a partner in                    
         Ovation.  On September 6, 2001, Ovation filed a 2000 Form 1065,              
         U.S. Return of Partnership Income, for the period of its                     
         existence.  The partnership return reported that CM Trust was a              
         general partner of Ovation, with a 13-percent interest.5  The                
         partnership return reported that Ovation’s designated tax matters            
         partner was Kevin Murphy and that Kevin Murphy’s address was the             
         Oak Brook address.                                                           
              On December 21, 2004, respondent mailed a notice of                     
         beginning of administrative proceeding (NBAP) for Ovation’s 2000             
         taxable year to six separate addressees at the Oak Brook address.            
         The addressees were listed as Ovation’s tax matters partner,                 
         Kevin Murphy in a capacity as Ovation’s tax matters partner,                 
         Michael Murphy, petitioner, and two corporations not relevant                
         herein.  The NBAPs mailed to Ovation’s tax matters partner and to            
         Kevin Murphy in a capacity as Ovation’s tax matters partner were             
         delivered by the United States Postal Service on December 23 and             


               5 While the partnership return reported that the 13-percent            
          interest was owned by “COLIN MURPHY TRUST DTD 3/16/95 CPM GI”, an           
          apparent reference to the Trust and CPM Gibson Trading, LLC, a              
          single-member limited liability company such as CPM Gibson                  
          Trading, LLC, is disregarded as an entity for Federal income tax            
          purposes.  See sec. 301.7701-2(c)(2), Proced. & Admin. Regs.                





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