.........A/CT, via haynes' clarification petition, asked the IRS to calculate THE BANK's exact tax paid/refunds portion of the 12 HOLDCO entities included on the uwbi income tax returns......(it's less than $100K of the $4mm, imo bec. most of those other entities are shells or losers).............
........the FDIC also has quarterly financial statements for each chartered bank......referred to as 'call reports'...........certainly, the FDIC submitted copies of the call reports to the IRS..........again, isolate the HOLDCO entities' losses and calculate BACK the portion of the taxes PAID by the bank....(there are consolidating schedules, not consolidating statements and this is easy, imo)..............
....AGAIN, this is quite easy and much different that calculating the TAX LOSSES.............that's a monster................
.....and if the IRS is auditing the amended tax returns, BIGTIME problem, but mostly for the FDIC...........and F/- them.......and the pony they rode in on.......an audit could take a year and BLOW UP both deals, imo........but the IRS still takes a month or two or three on this little clarification issue.........................
......STILL an easy fix, imo.............the IRS has internal "work sheets" and these make extracting specific tax calculations, quite simple, imo.........
.....LOVE AND KISSES TO ALL.............sloppy kisses.........and bring us that $4.25 per, in fudge, please............tyia..................
