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Microcap & Penny Stocks : International Automated Systems

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Jul 8 4:00 PM EDT

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From: TEDennis	4/28/2024 11:26:31 PM
	of 7616

TAX COURT Status ... filed 4/17/2024 "Respondent" = IRS Tax Court attorney ********* 1. As the Court’s Order noted, respondent outlined the following plan to resolve the 200+ cases involving investors in the RaPower3 solar power scheme. 2. As described previously, respondent has separated petitioners into three categories: (1) those who have already expressed interest in conceding; (2) those who have adjustments relating only to the solar lens depreciation and credit issues; and (3) those who have adjustments in addition to the solar lens depreciation and credit issues. 3. To date, respondent has sent settlement documents to petitioners in all of group 1 and very nearly all of group 2. 4. Respondent has continued to file signed decision documents in cases as they are received. 5. Respondent has begun drafting work for cases in group 3. 6. For those in group 3, respondent will include a draft Stipulation of Settled Issues with respect to the solar lens depreciation and credit adjustments. Respondent’s counsel will work with petitioners on any remaining issues in an attempt to settle the case. 7. Once signed by both parties, respondent will file the settlement documents with the Court. 8. If any petitioners do not agree to the draft Decisions or Stipulations, respondent will draft motions for summary judgment or partial summary judgment, as appropriate, with respect to the solar lens depreciation and credit issues. 9. At that time, respondent will also file a motion to calendar for trial any cases with remaining issues. 10. An unexpected quantity of correspondence packages have been returned to respondent by USPS due to petitioner relocation. Respondent has taken extensive measures to ensure that the multiple sources of address information available to respondent, including that information provided by petitioners to the Court, agree with each other. Respondent had previously relied upon the petitioners’ continuing duty to inform the Court of any change of address. 11. Respondent continues to work these cases in the most efficient manner possible given the scale and complexity of the matter

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