Securities and Exchange Commission v. Nadel et al

Filing 237

DECLARATION of Carl R. Nelson re #236 MOTION for issuance of order to show cause as to Why Conservation Easement Should Not Be Extinguished by Burton W. Wiand. (Attachments: #1 Exhibit A - Deed of Conservation Easement, #2 Exhibit B - Appraisal, #3 Exhibit C - Pages from 2005 Tax Return, #4 Exhibit D - Order and Complaint filed in W.D.N.C.)(Nelson, Carl)

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Securities and Exchange Commission v. Nadel et al Doc. 237 Att. 3 ~ 1040 U.S. Individual (�ieome Tax Return Label (See InL Dep�rtmenl Dr the Tr�asury-Inlemal Reven"�e 5�rvlc� ..( c 2005 i 199\ Home Address IRS Use Qnlv-Do not Wnte or slaple in this soa�. For the year Jan. 1-Deo. 31, 2005, or olhef tax year beginning slructlons) Use B Name Spouse's Name (if Joint Retum) ,2005, ending ,20 10MB No. 1545-0074 City, State, and zip Code Your SQcial security number IRS label, Otherwise, plasse print the ARTHUR NADEL L MARGUERITE J NADEL - or Iype. PresidanUal change your lax or refund. Filng Status Check only one box. 3 Mamed filing separately. Enter spouse's SSN above this child's name 3966 COUNTRY VIEW DRIVE SARASOTA FL 34233 4128 - SpQuse's SQclal securiiy nQ. .. vo~~ss�ls� �;�ve. .. Checking a box below wil not Elaction Campaign ~ Check here if you, or your spouse iffiling olntly, want $310 go to this fund (se inslructions) ~ You Spouse 1 Singla 4 Head of household (with qualifying person). (See instructions.) 2 Mamed filing jointl (even if only one had Income) If the qualifying person is a child but nol your dependent, enter here. ~ and full name here. ~ 5 Qualifying widow(er) with dependent child (see Instructions) YQurself. If someone can claim YQU as a dependent, do nQt check box 6a . .. ...... . . . . . . ... Boxes checked on Exemptions If more 6a b Spouse .................................................................................. 6aand6b 2 c Dependents: (2) Dependent's (3) Depend!!nl'sio14"pff qual. No. on 6c whQ: relat nshi 10 ;iY nRlf~I'd of children (11 Firs! name Ihan four Liisl name social securi no. ou c,.M .aa T~.i -lived with you . did not live wllh o you due to divorce dependenls, l:8~eln~I~~lon 0 ~:IP:~I~~~~S8O:0~; () see Instr. d Tolalnumberofexemptlonsclaimed ......................;.........................................................:~~i~~:ai:Q':e~ m 7 Wages, salaries, tips, elc. Attach Form(s) W-2 Income Attch FQrm(s) W-2 here. AlsQ attch Forms 7 8a Taxablelnlerest. Attach Schedule B if reuired 8a b Tax-exempt interest. DQ nQt Include on line 80 : : : : : : : : : : j . ~~ � . . ... . . . .. . . . . . . . . . . . . . . . 225,000. 11,395. W-2Gand 1099-R lfta 9a Ordinary dividends. Attach Schedule B if required . . . . .. . .. . . . . . . . . . . .. . . . . . . . . . .. . . . . . . . . . . 9a b Qualified dividends (see-inslructions) ....................... .1 9b I 307 , 7 91 . 10 Taxable refunds, credns, or offsets of state and local Incoe taxes (see instructions) ........ 10 310,094. was withheld. 11 Alimony re�ived .......................................................................... 11 12 Business income or (loss). Attach Schedule C or C-EZ .......... . ........ .... . .. . . . ... . . .. 12 If you did nol gel aW-2, see instructions. 13 Capital gain or (loss). Attach Schedule D if reuire. If not reuire, check here ~ D 13 9,668,050. 14 Other gains or (losses). Attach Form 4797 .................................................. 14 15a IRA dlslributions ......... .~ I b Taxable amount (sea insl. .. 15b 16a Pensions and annuities ....~ b Taxable amount (see Inst.) .. 16b 17 Renlal real estate, royaltes, partnerships, S corporaUons, trsts, etc. Attach Schedule E ...... 17 18 Farm income or (loss). Attach Schedule F .................................................. 18 7,448,279. 7,081. 17 ,-669, 8 99 _ Enclose; but do not attach, any payment. AlsQ, 19 Unemployment compesaUon .............................................................. 19 20a Social security benefis ..... ~~ . . 8, 33 1 . 1 b Taxable amount (see inst.) .. 20b please use Form 1040-V. 21 Othar Income. List type and amount (see instr.) 21 22 Add Ihe amounts in the far ri(lht column for lines 7 through 21. This Is your tQtallncome ~ 22 23 Educator expenses (see Instructions) ...... . . . . . . . . . . . . . . . . .. 23 Adjusted Gross Income 24 Certain business expenses (If reservsts, penorming artists, and fee-basis gov. offcials. Attach Form 2106 or 2106-EZ ... 24 25 Health savings accunt deduction. Attach Form 8889 ........ 25 26 M(lving expenses. Attach Form 3903 . .. . .. . .. . , .. . .. . .. .. . 26 27 One-half of self-employment lax. . Attach Schedule SE . . . . . . 27 28 Self-employed SEP, SIMPLE, and qualified plans . . . . , . . . . . 28 29 Self-employed health Insuran� deduction (see Inslr.) . . . . . . 29 3D Penally on eart withdrawal of savings . . . . . . . . . . . . . . . . . . . . 3D 31� Alimony paid b Raclplant'. SSN ~31a 32 IRA deduction (see instructons) . . . .. .. . . . . . . . . . . . .. . .. . . . 32 33 Studenlloun Iriloresl doductlon (soo Inslructlons) . . . . . . . , , . 33 34 Tullon end feas deduction (se instrctons) ................ 34 Copyrlghl form soft�ra onl~ i 2006 Unlversiil Tax Systems, Inc. Aii rights 35 DomesUc production actvities deducton. Alach Form 8903 reserved. USJ040$1 Rav. 1 17, 669, 89~:J Form 1040 (2005) EXHIBIT Nadel Receivership Zucker002744 i c. Dockets.Justia.com -' Form 1040 (2005) 38 l ARTHUR & M�.'lj'UERITE J NADEL Amount from line 37 (edjusted gross Income) .............................................. 38 17,bb~,l:~~. Paiie2 Tax and Credits Standard DoductlQn for - 39a Check t ~ YQU were born before Jan. 2, 1941, 8 Blind. J Total boxes ~ if: SpQuse was born before Jan. 2, 1941, Blind. chocked ~ 39a 2 b If your spouse Ilemizes on a separata return or you were a dual-status allen, see Instructions and check here ....... . .. .. .. . . .. . .. .. . . .. .. .. .. .. . . , .. .. .. ." 39b 0 40 who . Itomlzed deductlQns (from Schedule A) or your standard deduction (see left margin) . . . . . . . . 40 Sublraclline 40 from line 38 ................................................................ People checked any box on line 41 41 3.347,575. 14.322.324. 42 43 If line 38 is over $109,475, or you provided housing to a person displaced by Hurricane Katrina, 39a or 39b Qr who can be claimed as a dependent, see inslr. . All others: Single, or MaTTedfiling separately, $5,000 MaTTed filing 44 45 46 47 48 49 50 51 42 43 44 Form 4972 Tax (see inslr.). Check if any tax is from: e o Form(s) 8814 b 45 Altarnatlvo minimum tax (see Instructions). AUach Form 6251 .............................. ................................................................... ~ 46 Add lines 44 and 45 see instructions. Otherwise, multiply $3,200 by the lotal no. of exemplions calmed on line 6d Taxable InCQme. Subtract line 42 from line 41. If line 42 Is more lhan line 41, enler -0- 0 ...... ........ 1 4 . 322 , 32.. - 4.925,318. 4.925,318 47 Foreign tax credit. AUach Form 1116 If required .............. Credit for child and dependent care expo AUach Form 2441 .. Credil for the elderly or the disabled. Alach Schedule R .... 48 49 50 51 joinllyor Qualifying Education credils. Mach Form 8863 .........,............ widow(er), $10,000 Head of household, $7,300 52 53 54 55 56 57 58 Retirement savings conlributions credit. AUach Form 8880 .. Child lax credll (see inst.). AUach Form 8901 If required .... Adoption credit. Attach Form 8839 a o FQrm 8396 Credits from: ........................ b 52 53 54 Other credits. Check a~icabie box(es): a 8 Form 8859 Form 3800 b o Form 8801 c Form 55 Add lines 47lhrough 55. These are your total credits Subtraclline 56 from line 46. If line 56 is more lhan line 46, enter -0Self-employment lax. Allach Scledule SE ...................................... 56 .................... ~ 67 ................................................. ~.. 4.Q25.318. Other Taxes 59 60 61 Social security and Medicare tex Qn tip Income not reported to employer. Allach Form 4137 Additi�naltax on IRAs, olher qualified relirement plans, etc. Attach Form 5329 if required .... 59 60 61 f-. 4,925,318. Advence earned income crdit paymenls from Form(s) W.2 .....,............................ Payments If you have a l- qualifying child, EIC. allach Schedule Refund Direct deposit? See inslructions and fill In 73b, 73c, and 73d. 62 62 Household employmenllaxes. Atlach Schedule H .. 63 63 Add lines 57 through 62. This Is your tQtal tax .......................................... 64 Federal income tax wilhheld from Forms W-2 and 1099 ...... 64 65 65 2005 estimated tax pymts and amt applied from 2004 retum 66 a Earned IncQme crodlt (EIC~1 "', � . . . . . . '," . . . .. .. . . . .. . .. . 66a b ~:;~i:~li~n combel .... ...... 6Gb 67 Ex�ss social security and tier 1 RRTA lax withheld (see Inst) 67 68 68 Addilional child lax credit. Attach Form 8812 69 Amounl paid wilh requesl for ex1ension to file (see Ins\) ...,.. 69 70 70 Payments from: a OFoim 2439 bO Fonn 4136 cD Form aa85 71 66a, and 67 through 70. These are your tQtalpayments ... . . . ....... . .. _ ~ 71 Add lines 64, 65, 72 72 If line 71 is more than line 63, 8ubtract line 63 from line 71. This Is lhe amount you Qverpald ~ 730 .......................................... 70,000. 4,900,000. .............. 4,970,000. 44... 73a Amount of line 72 vou want ,efunded tQ YQU ............................................ ~ ~ 75 76 b ~i~i~~~ ~xxxxxxxxxxxxxxxxxxxi ~ c TVDe: 0 Checking d ~~��il~1 R"xxxxxxxxxxxxxxxxxxxxxxxxI 74 Amount of lInn 72 you wan! applied tQ your 2006 oat tax ~ 1 74 1 0 Savings 44.682. ~ 75 Amount You Owe Third Part Designee Sign Joinl retum? ~ See instr. Keep a copy for your AmQunt you Qwe. Sublract lln� 71 from line 63. For details on how tr pay, see instructions Estimated taxpenaltv (see instructions) .... .. .... . . . .......1 76 Do you want to allow anolher person to discuss this return with Ihe IRS (see instructions)? ii Yes, Compi.r. Ilia lollowlng. I I NQ ~~:.I~n..'~MICHAEL D ZUCKER ~~on~941-379-0003 ~~:;~~,.I~i~~I~fic~ion IJ010J I Here Your signature Dale Your occpation Daytime phone number Under penall1es of perjury, I declare thotl have e.iomlned this return and accompanying schedules and slatemenl8, and 10 Ihe best 01 my knowlodge and belief, lhey ere true, correcl, and completo. Declaratlon of prepafef (other than ta.ip~Y8r) Is based on lill Inrormollon or which propoi"lt has any knowledge. NVESTMENT CONSULTANT 941-366-0975 Preoarers SSN or PTIN records. Paid Preparer's Use Only Phone no. 941 -37 9-0003 BeA COPVfight form sorlwanl only, 2005 Universal TalC S)'sloms, Inc. All rights resBfVed. US1D40$2 RfJv.1 Form 1040 (2005) Nadel Receivership Zucker002745 SCHEDULES A&B (Form 1040) Department of tho Treasury lnlornal Rev�nue Servlae (99 Name(s) shown on Form 1040 c (Schedule B Is on page 2) (., '. OMB No. 1545-0074 Schedule A - Itemized Deductions ~ Attch tQ Form 1040. ~ S..lnstructions for Schodulos A & B (Form 1040 , 2005 Allechment Sequence No. 07 Vniip ""n"'�~1 Cloriirilu nn ARTHUR & MARGUERITE J NADEL and Medical 1 .................................. 3 .......................... "0' 5 8 7 8 CauUQn. Do not include expenses reimbursed or paid by others. Medical and dental expenses (see Insl~ctiTS) .................. 1 Dental 2 3 Enler am\. from Form 1040, line 38 '2 Mulliply line 2 by 7.5% (.075) Expenses Taxes You 4 5 Sublract line 3 from line 1. If line 3 is more lhan line 1, enter -0- 4 Stale and local (chock only Qnii box): Paid Inslructions. ) a ~ Income taxes, or J . . .. .. .. .. .. .. . .. . b General sales taxes (see Inslruclons) 5,280. 4,155. 9 (See 6 7 8 Real estete taxes (see Instructions) . . . . . . . .. . . . . . . . . . . .. . . .. .. . . . Personal propert laxes ........................................ Other laxes. List type and amount ~ 9 Interest You Paid (See instructions.) 10 11 Add linea 5 throuoh 8 Home mort. Interest & points reported 10 you on Form 1098.. . .. . 10 Home mortgage interest not reported to you on Form 1098. If paid to the person from whom you bought the home, see ins\. and show thaI person's name, idenlifylng no., and eddress ........................................................... ........... I 30,421. ~ 11 9.435. NQt�. Personal inlerest Is nQt 12 13 14 Points nol reported to you on Form 1098. See instrctions for special rules Investment interest. Attech Form 4952 if required. (See .................................................. .................................................. 12 13 deductible. instructions.) 638. 14 Add lines 10 lhrough 13 .................................................................... 31.059. Gift to 15a Tolal gifts by cash or check. If you made any gift of $250 or more, 15 see Instructions ................................................ a 15b Gills by cash or chack allar Augusl27, 2006, ~ ~ho~tli~~I~~~I(~~~1~I~ctl~~I~Iled .......... 15b Charity 16 17 18 2,032,174. If you made a gift and gol a benefit for it, see instructions. Other than by cash or check. If any gif of $250 or more, see instructions. You must attach Form 8283 if ovar $500 ............ 16 Carrover from prior year. . . . . . . . . . . . . . . . . , . . .. . . . . . . . .. . . . . . .. . . 17 1,800,625. 3,832,799. 19 Add lines 15a, 16, and 17.. .. .. .. .. . .. .. .. .. . .. . .. .. .. . .. .. .... . .. .. .. . .. .. . .. . .. . .. .. . . . .. . . 18 Casuallv or lheft lossles). Mach Form 4684. ISee inslructlons.) . .. . . Unrelmbursed employee expenses - job lravel, union dues, Casualty and 19 Job ExpenSlls 20 Theft Losses and Certain ,....,................... job education, etc. Attach FOrm 2106 or 21 06-EZ If require. Miscellaneous Deductions (See ~ 21 20 -- Tax preparation fees.. . . .. .. . ..... .. .. . . ...... . . ... .. . ..... . ..... Other expensas - Investment, sefe deposit box, etc. 21 22 ~ instructions.) 23 24 25 26 27 22 23 ~~~e~::t~~~:o::: ~ ~~: ;i~~ ~~ . f ~'l' .. . . . . .. . . . . . . . . . . . . Multiply line 24 by 2% (.02) .................................... .....~ 25 Subtract line 25 from line 23. If line 25 Is more than line 23, enler-oOther - from list In lhe ins!. List type and amounl .....,.................. 26 Other Miscellaneous Deductions Total Itemized Deductions 27 20 Is r-orm 1040, line 30, over $14tl,lltlO (over $72,1l7tllr ffUir1iid flllng siipur9lllIY)? o N. lYoo".d_N"".."".Add'"~..'h'''''.ht''~ 40. . . . . ~ J or lines 4 lhrough 27. Also, enter this amount on Form 1040, line es Yes. Your deduction may be IImhed. See Instructions for Ihe amount tQ enter. USSCHA$1 Rev. 1 28 3,347,575. 29 I' you slsello itemize d�ducllons �ven lhough they Braless Ihan yQur slandard deduction, chock h it n FQr Paperwork ReductlQn Act NQtlco, 8ee FQrm 1040 InstructlQns. BeA Copyright form software only, 2006 UnlVer8Ell Tax Syatems, Inc, All rights reserved. Schedule A (FQrm 1040) 2005 Nadel Receivership Zucker002746 US Schedule A Name: ARTHUR & MARGUERITC MedlcalE xpens�s Taxpayer Mod' iea I miles' J NADELel' miles ... X 15 Medl nized Deduction Detail Workshlf'" = ?nnli SSM: : c X 22 = Insurance premiums paid (not pre-tax) ............../ ..: . .... ;.: .......i d'.' .',: Medicare from 1040 worksheet. .. .. . .. . .. . . .. . . .. . . . . . . . Remainder frm worksheets Taxpayer..................... .i Spouse....................... .1 Spouse.............. ..i Qualifed long term care conlracts Taxpayer ..............1 Spouse............... .1 .... d .... . SeK-employed heallh insurance Taxpayer ......,...............1 Other medical expenses Spouse ........................1 Amount frm additional worksheets. . . . . . . . . . . . . . . . . . . . . . Total Cash CQntrlbutlons Hurrcane Kalnna miles .................................................. X .34- X .29= 50l. .' m Li ItO I iriian zations SEE SCHEDULE 2,031,174. n Oth rCha'tabl emies: e X 14 - From Schedules K-1 ..... ... . ...... ... .. .......... . ..... Amount from additional worksheels . . . . ." . . . . . . . . . . . . . . . . 1,000. 2,032,174 TQtal ....................... ,.. ....... ........ ......... 30% Limit OrganlzatiQns Charitble miles: X .14= I I Schedules K-1 .. .. . .. .. .. . .. .. . .. . .. .. .. .. . .. . .. .. .. .. I I Amounl frm additional worksheets. . . . . . . . . . . . . . . . . . . . . . Other Than Cash CQntributlons 50'l.LImit OrganlzatiQns I I TQtal .... ....................... ....................... - I From Forms 8283 ... .. .. .. .. .. .. . .. . .. . .. . . .. .. .. . . .. . . i Amount frm additional worksheets. . . . . . . . . . . . . . . . . . . . . . 625. I TQtal From Schedules K-1 Capital gain propert donated to 50% limit organizations. 30% Limit I ..................................,................ ......................................1 ..................................................1 625. I From Forms 8283 I Total From Schedules K-1 I 30% Limit From Schedules K-l 1,800,000. 20% Limit OrganlzatiQn From Schedules K.l Contribution CarryQVefS From vears 21m l,~~~.ena 01 erprope~ throuoh 7004 To 20ll 30Y. 30'. clt,tai ga nprope~ Cash and 0 er propert 30% tax vear 2% 50% 30' Cltitai ga n proper: 2% 2000 2001 .....................,.......................................................... 8,834, 950. 2, 032, 799 ...................................................,.... 30% of adjusted gross Income ...................,............................................................ 5, 300, 970 This year's capital gain conlribulions tQ 50% organizations limited 10 30% ...................................... 50% cash canyover allowed ................................................................................. 50% cipllal gain ciiriyover IImlled 10 30% .................................................................... 1, 800, 000 This year's 30%organlzalion cash and other property conlributlons allowed .................;................... 30% organizations cash and other property carryover .......................................................... . 20% of adjusted gross income ................................................................................ 3, 533, 980. ...................................... :� This year's capital gain conlribulions to 30% organizalions Iimiled to 20% ~ 30% capital gain canyover Iimiled to 20% AGI ............,.....................,...,......................... en 3,832,799 '" Total contrlbutlQns ailowod this V�ar ....".......,..,.....,.............................................,' 50% of adjusted gross Income This year's 50% organization cash contributions allowed 2002 2003 2004 2005 CQntrlbutlons allowed this year Nadel Receivership Zucker002747

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