Free Status Report - District Court of Federal Claims - federal

Case 1:05-cv-00296-FMA

Document 86

Filed 03/31/2008

Page 1 of 2

IN THE UNITED STATES COURT OF FEDERAL CLAIMS GRAPEVINE IMPORTS, LTD., and T-TECH, INC., as Tax Matters Partner Plaintiffs, v. UNITED STATES OF AMERICA, Defendant. ' ' ' ' ' ' ' ' ' '

No. 05-296T (Judge Allegra)

JOINT STATUS REPORT The Parties have arrived at settlement terms resolving the year 2000 federal income tax liability attributable to the adjustments set forth in the Notice of Final Partnership Administrative Adjustment dated December 17, 2004, issued to Grapevine Imports, Ltd., with respect to the Partnership's tax year ending December 31, 1999 (the "FPAA"). The only remaining federal income tax attributable to the FPAA is for the 1999 tax year. The Court's July 17, 2007, decision held, however, that 1999 assessments attributable to the FPAA are barred by the statute of limitations in 26 USC § 6501(a). Accordingly, the parties have jointly moved the Court to order the Clerk to enter a Judgment giving effect to the Court's prior order. Defendant reserves the right to appeal the judgment so entered insofar as it reflects the effect of the Court's decision of July 17, 2007.

Case 1:05-cv-00296-FMA

Document 86

Filed 03/31/2008

Page 2 of 2

Respectfully Submitted,

/s/ Grover Hartt GROVER HARTT, III Attorney of Record Tax Division U.S. Department of Justice 717 N. Hardwood, Suite 400 Dallas, Texas 75201 (214) 880-9721 (Main) (214) 880-9741 (Fax) RICHARD T. MORRISON Acting Asst. Attorney General DAVID D. GUSTAFSON Chief, Court of Fed. Claims Section CYNTHIA E. MESSERSMITH CHRISTOPHER R. EGAN ATTORNEYS FOR THE UNITED STATES Signed: March 31, 2008

/s/ Grover Hartt for M. Todd Welty Josh O. Ungerman David E. Colmenero MEADOWS, OWENS, COLLIER, REED, COUSINS & BLAU, L.L.P. 901 Main Street Suite 3700 Dallas, TX 75202 (214) 744-3700 Telephone (214) 747-3732 Facsimile [email protected] [email protected] ATTORNEYS FOR PLAINTIFFS Signed: March 31, 2008

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