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)
Securities and Exchange Commission v. Nadel et al
Doc. 237 Att. 3
~ 1040 U.S. Individual (¡ieome Tax Return
Label
(See InL
Depørtmenl Dr the Trèasury-Inlemal Reven"úe 5ørvlcÐ
..(
c
2005 i 199\
Home Address
IRS Use Qnlv-Do not Wnte or slaple in this soaæ.
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~~ssÑlsì ã¡;õve. ..
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 . ~~ ï . . ... . . . .. . . . . . . . . . . . . . . .
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 reæived .......................................................................... 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 Insuranæ deduction (see Inslr.) . . . . . . 29 3D Penally on eart withdrawal of savings . . . . . . . . . . . . . . . . . . . . 3D
31à 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 softøra
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 & MÁ.'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 Additiónaltax 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 "', ï . . . . . . '," . . . .. .. . . . .. . .. . 66a b ~:;~i:~li~n combel .... ...... 6Gb 67 Exæss 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 llnè 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 Revønue 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.
NQtø.
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 døducllons øven 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 xpensøs
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 VÐar ....".......,..,.....,.............................................,'
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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