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B. Partnership Returns
For the years at issue, the partnerships reported total
deductions and credits attributable to nonexistent and overvalued
sheep, interest deductions for illusory indebtedness, and false
deductions for farm expenses and guaranteed payments as follows:
Partnership Year Deductions Docket No.
RCR #1 1986 $87,123 787-91
RCR #2 1986 203,544 787-91
1987 43,277 4876-94
RCR #3 1986 207,064 787-91
1987 220,723 9550-94
1989 56,184
RCR #4 1984 376,605 14038-96
1986 642,267 787-91
RCR #5 1986 575,083 787-91
1987 833,605 9552-94
1988 516,657 13597-94
1989 958,120
RCR #6 1986 560,341 787-91
RCR 85-2 1987 888,875 9554-94
1988 404,680 13599-94
1989 1,363,974 13599-94
Hoyt signed, was responsible for, and directly participated
in the preparation of each of the following sheep partnership tax
returns (RCR tax returns): RCR #2 for 1987; RCR #3 for 1987 and
1989; RCR #4 for 1984; RCR #5 for 1987, 1988 and 1989; and RCR
85-2 for 1987, 1988, and 1989. The RCR tax returns identified
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