New York Guangdong Finance, Inc. - Page 32




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          Forms 1042 and 1042S for the years in issue.  Accordingly, we               
          sustain respondent’s determination that petitioner is liable for            
          the section 6651(a)(1) addition to tax for each of the years in             
          issue, to the extent consistent with this opinion.                          
               To reflect the foregoing,                                              

                                                   Decision will be entered           
                                               under Rule 155.                        


































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Last modified: March 27, 2008