EFTA00604607.pdf

Caution: Forms printed from within Adobe Acrobat products may not meet IRS or state taxing agency specifications. When using Acrobat 5.x products, uncheck the "Shrink oversized pages to paper size" and uncheck the "Expand small pages to paper size" options, in the Adobe "Print" dialog. When using Acrobat 6.x and later products versions, select "None" in the "Page Scaling" selection box in the Adobe "Print" dialog. CLIENT'S COPY EFTA00604607  How Arc You Managing? J.H. COHN LLP 121.2Avant...It& IfInfriat5 New York. NY 10036 Arcanum and anstharti gme 1919 212-297-0400 fax 212-922-0913 totosulkoltniorst TCC INTERNATIONAL LLC ENCLOSED ARE THE ORIGINAL AND ONE COPY OF YOUR 2007 PARTNERSHIP TAX RETURNS, AS FOLLOWS... 2007 U.S. RETURN OF PARTNERSHIP INCOME 2007 NEW YORK RETURN OF PARTNERSHIP INCOME 2007 NEW YORK CITY RETURN OF PARTNERSHIP INCOME EACH ORIGINAL RETURN SHOULD BE DATED, SIGNED AND FILED IN ACCORDANCE WITH THE FILING INSTRUCTIONS. COPIES OF EACH RETURN SHOULD BE RETAINED FOR YOUR FILES. SINCERELY, JOEL BOFF NI \I \ INTERNATIONAL I.N. Cohn LIP is a mambo of Ntaia Inenaateonal a worldwide mooch of independent accourams and consulting Inns. EFTA00604608  2007 TAX RETURN FILING INSTRUCTIONS U.S. PARTNERSHIP RETURN FOR THE YEAR ENDING DECEMBER 31, 2007 Prepared for TCC INTERNATIONAL LLC Prepared by J .H. COHN LLP To be signed and A MEMBER OF THE LLC dated by Amount of tax NOT APPLICABLE Mail tax return DEPARTMENT OF THE TREASURY to INTERNAL REVENUE SERVICE CENTER OGDEN, UT 84201-0011 Forms to be ENCLOSED ARE COPIES OF SCHEDULE K-1 TO BE DISTRIBUTED TO THE distributed MEMBERS. to partners Return must be PLEASE SIGN AND MAIL AS SOON AS POSSIBLE. mailed on or before Special Instructions 710147 04-27-0 EFTA00604609  Expanded Capital Account Summary Name TCC INTERNATIONAL LLC I.D. Number Partner THE CORE GROUP MANAGEMENT LLC Partner's Identification Number Number 1 Beginning Capital Schedule M-2, Ending Withdrawals Capital Contributed Lines 3,4 & 7 Capital <21,552,728.> <6,409,878.> <27,962,606.> Partner DAVID FORD Partners Identification Number Number 2 Beginning Capital Schedule M-2. Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital Partner MARK GILBERTSON Partners Identification ?lumber Number 3 Beginning Capital Schedule M-2. Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital LEWIS HANDLER Partner L&N SALES & MARKETING Partner's Identification Number 4 Illiiiiilll Beginning Capital Schedule M-2, Ending Withdrawals Capital Contributed Lines 3,4 & 7 Capital Total For All Partners Capital Accounts Beginning Capital Schedule M-2, Ending Withdrawals Capital Contributed Lines 3, 4 & 7 Capital <28,019,668.> 0. <8,333,175.> 0. <36,352,843.> 711911 04-27.07 2007.07080 TCC INTERNATIONAL LLC EFTA00604610  Expanded Capital Account Summary Name TCC INTERNATIONAL LLC I.D. Number Partner ADRIAN HYDE Partners Identification Number Number 5 Beginning Capital Schedule M-2. Ending Withdrawals Capital Contributed Lines 3.4 8c 7 Capital Partner LEIGH INGLEBY Partner's Identification Number Number 6 Beginning Capital Schedule M-2. Ending Withdrawals Capital Contributed Lines 3.4 8c 7 Capital NEAL MEAGED Partner L&N SALES & MARKETING Partners Identification Number Number 7 Beginning Capital Schedule Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital Partner RAYMOND NISI Partners Identification Number Number 8 Beginning Capital Schedule 164-2. Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital Total For All Partners Capital Accounts Beginning Capital Schedule M-2, Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital <28,019,668.> 0. <8,333,175.> 0. <36,352,843.> 711911 04-27.07 2007.07080 TCC INTERNATIONAL LLC EFTA00604611  Expanded Capital Account Summary Name TCC INTERNATIONAL LLC I.D. Number Partner TOM OWENS Partners Identification Number Number 9 Beginning Capital Schedule M-2. Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital W A RESIDENTIAL COMPANY, LLC Partner DAN FIREMAN DAVID BARRY Partner's Identification Number Number 10 Beginning Capital Schedule M-2. Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital WILLIAM WALSH Partner C O MCGUGGAN LLC Partners Identification Number umber 11 Beginning Capital Schedule M-2. Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital JACK SCNEIDER Partner C O ALLEN & COMPANY Partner's Identification Number 12 Illiiiiilll Beginning Capital Schedule M-2. Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital Total For All Partners Capital Accounts Beginning Capital Schedule M-2, Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital <28,019,668.> 0. <8,333,175.> 0. <36,352,843.> 711911 D4-27.07 2007.07080 TCC INTERNATIONAL LLC EFTA00604612  Expanded Capital Account Summary Name TCC INTERNATIONAL LLC I.D. Number Partner YOUNG SOHN Partners Identification Number Number 13 Beginning Capital Schedule NI-2. Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital DANIEL H STERN Partner C O RESEVOIR CAPITAL GROUP Partners Identification Number Number 14 Beginning Capital Schedule M-2, Ending Withdrawals Capital Contributed Lines 3,4 & 7 Capital Partner RFD STEAM LLC Partner's Identification Number Number 15 Beginning Capital Schedule 10-2. Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital <6,466,940.> <1,923,297.> <8,390,237.> Partner Partners Identification Number Number Beginning Capital Schedule 10-2. Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital Total For All Partners Capital Accounts Beginning Capital Schedule Ending Withdrawals Capital Contributed Lines 3.4 8 7 Capital <28,019,668.> 0. <8,333,175.> 0. <36,352,843.> 711911 D4-27.07 2007.07080 TCC INTERNATIONAL LLC EFTA00604613 FONT 1065 U.S. Return of Partnership Income OMB No. 1545-0089 Department el the Treasury Internal Revenue Service A Principal busnessactrnly For calentaa yew 20Di. cr Is., yew beyntling Neneartrotho 2007 D Erpbyer identification number Use tno IRS MANAGEMENT lab el TCC INTERNATIONAL LLC B Principal product or service Other Number. street and rooms suite no. If a P.O. box. see the Instruct E ['stet, wise. 02/10/2003 MANAGEMENT or Otto, town. runt. erne Z O F Total nate ripe C Business code number $ 24997908. Check applicable boxes: (1) Initial return (2) Final return (3) U Name change (4) U Address change (5) L_I Amended return H Check accounting method: (1) Cash (2) M Acaual (3) Other (specify) ► I Number of Schedules K-1. Attach one for each person who was a partner at any time du nto the tax year II. 15 J Check it Schedule M-3 attached w Caution: Include only trade or business income and expenses on lines la through 22 below. See the instructions for more information. 1 a Gross receipts or sales 1a 7,409,398. b Less returns and allowances lb 1,831,274. m 5,578,124. 2 Cost of goods sold (Schedule A, line 8) Income 3 Gross profit. Subtract line 2 from line lc 3 5,578,124. 4 Ordinary income (loss) from other partnerships, estates, and trusts (attach schedule) 5 Net farm profit (loss) (attach Schedule F (Form 1040)) 6 Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) 7 Other income (loss) (attach schedule) SEE STATEMENT 1 7 234,892. 8 Total Income (loss). Combine lines 3 through 7 8 5,813,016. I 9 Salaries and wages (other than to partners) (less employment credits) 9 8,336,709. Deductions (see instructions for limitations) 10 Guaranteed payments to partners 10 11 Repairs and maintenance 11 212,399. 12 Bad debts 12 13 Rent 13 1,352,011. 14 Taxes and licenses SEE STATEMENT 2 14 3,151. 15 interest 15 3,688,225. 16 a Depreciation (if required, attach Form 4562) la 2,357,106. b Less depreciation reported on Schedule A and elsewhere on return Um 18c 2,357,106. 17 Depletion (Do not deduct oil and gas depletion.) 17 18 Retirement plans, etc. 18 19 Employee benefit programs 19 34,815. 20 Other deductions (attach schedule) SEE STATEMENT 3 20 <339,523. 21 Total deductions. Add the amounts shown in the tar right column for lines 9 through 20 21 15,644,893. 22 Ordinary business Income (loss). Subtract line 21 from tine 8 22 <9,831,877. v.a.r potions at Waxy.] dare Mad l haws examined the Paha. including accompanythg schedules and stetetnents. and to the best of my knowledge and belle. It fl ue. nal. and armlet. Docerrallon Of Wan Mho than genera partner a fl ed liably oarngeny Mental le bind on ankh:Irma:Ion 01 which ran has any knowledge. Sign May the IRS discuss desreturn Here win the FreParer shown below bate Nee inst.)? "mature el general partner or need liebiltly company member manage/ El Yes QNo Preemie Dale P Check A Paid °'an11V0 sa.employed IIP' Preparers "a ir ace , J . H . COHN LL P EIN Use Only enkelOYadtm Phone no. ze *wit For Privacy Act and Paperwork Reduction Act Notice, see separate instructions. Form 1065 (2007) 711001 JWA 12-27-07 EFTA00604614 Form 1065 (2007) TCC INTERNATIONAL LLC Page 2 Schedule A l Cost of Goods Sold (see the instructions) 1 Inventory at beginning of year 2 Purchases less cost of items withdrawn for personal use 3 Cost of labor 4 Additional section 263A costs (attach schedule) 5 Other costs (attach schedule) 6 Total. Add lines 1 through 5 6 7 Inventory at end of year 8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, line 2 9 a Check all methods used for valuing closing inventory: (I) 0 Cost as described in Regulations section 1.471-3 (II) 0 Lower of cost or market as described in Regulations section 1.471-4 (III) 0 Other (specify method used and attach explanation)Ili. It Check this box if there was a writedown of 'subnormar goods as described in Regulations section 1.471-2(c) 6.1j1 c Check this box if the LIFO inventory method was adopted this tax year for any goods (if checked, attach Fenn 970) to.0 d Do the rules of section 263A (for properly produced or acquired for resale) apply to the partnership? 0 Yes 0 No e Was there any change in determining quantities, cost, or valuations between opening and closing inventory? Yes 0 No If 'Yes,' attach explanation. Schedule B Other Information 1 What type of entity is filing this retum? Check the applicable box: Yes No a Domestic general partnership It Domestic limited partnership e M Domestic imited liability company d Domestic limited liability partnership e 0 Foreign partnership f Other► 2 Are any partners in this partnership also partnerships? X 3 During the partnership's tax year, did the partnership own any interest in another partnership or in any foreign entity that was disregarded as an entity separate from its owner under Regulations sections 301.7701-2 and 301.7701-3? If 'Yes," see instructions for required attachment X 4 Did the partnership file Form 8893, Election of Partnership Level Tax Treatment, or an election statement under section 6231(aX1)(B)(1) for partnership-level tax treatment, that is in effect for this tax year? See Form 8893 for more details X 6 Does this partnership meet all three of the following requirements? a The partnership's total receipts for the tax year were less than $250,000; The partnership's total assets at the end of the tax year were less than $600,000; and c Schedules K-1 are filed with the return and furnished to the partners on or before the due date (including extensions) for the partnership return X If 'Yes,' the partnership is not required to compete Schedules L, M-1, and M-2: Item F on page 1 of Form 1065; or Item L on Schedule K-1. 6 Does this partnership have any foreign partners? If Yes; the partnership may have to file Forms 8804, 8805 and 8813. See the instructions X 7 Is this partnership a publicly traded partnership as defined in section 469(k)(2)? X 8 Has this partnership filed, or is it required to file, a retum under section 6111 to provide information on any reportable transaction? X 9 At any time during calendar year 2007, did the partnership have an interest in or a signature or other authority over a financial account in a foreign country (such as a bark account, securities account, or other financial account)? See the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes," enter the name of the foreign country. ► X 10 During the tax year, did the partnership receive a distribution from, or was it the grantor of, or transferor to, a foreign trust? If 'Yes,' the partnership may have to file Form 3520. See the instructions X 11 Was there a distribution of property or a transfer (for example, by sale or death) of a partnership interest during the tax year? If 'Yes,' you may elect to adjust the basis of the partnership's assets under section 754 by attaching the statement described under Elections Made By the Partnership in the instructions X 12 Enter the number of Forms 8865 Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached to this return Pl. Designation of Tax Matters Partner (see the instructions) Enter below the general partner designated as the tax matters partner (TMP) for the tax year of this return: Name of Identifying dmignatedlAW ► THE CORE GROUP MANAGEMENT LLC number of TMP ► Address of ► designated PAP TWA r-orm 1065 (2007) 7i loll 1247-07 2 2007.07080 TCC INTERNATIONAL LLC EFTA00604615 Form 1065 N TCC INTERNATIONAL LLC Pane 3 I Schedule K I Partners' Distributive Share Items Total amount 1 Ordinary business income (loss) (page 1, line 22) 1 <9,831,877. 2 Net rental real estate income (loss) (attach Form 8825) 2 3a Other gross rental income (loss) I 3a b Expenses from other rental activities (attach statement) 3b c Other net rental income (loss). Subtract line 3b from line 3a 3c 4 Guaranteed payments 4 Income (Loss) 5 Interest income SEE STATEMENT 4 5 6,173. 6 Dividends: a Ordinary dividends 6a b Qualified dividends I 6b I 7 Royalties 7 8 Net short-term capital gain (loss) (attach Schedule D (Form 1065)) 8 9a Net long-term capital gain (loss) (attach Schedule D (Form 1065)) 9a b Collectbles (28%) gain (loss) 9b c Unrecaptured section 1250 gain (attach statement) I 9c I 10 Net section 1231 gain (loss) (attach Form 4797) 10 11 Other income (loss) (see instructions) Type P. 11 12 Section 179 deduction (attach Form 4562) 12 Deductions 13a CoMnbutions SEE STATEMENT 5 13a 250. b Investment interest expense 13b c Section 59(e)(2) expenditures: (1) Type Illli. (2) Amount Ila• 13c(2 ) rl Other deductions (see instructions) Type Oro 13d 4 fr... 14a Net earnings (loss) from self-employment 14a 0. gi b Gross farming or fishing income 14b Id c Gross nonfarm income 14c 15a Low-income housing credit (section 42(9(5)) 15a b Low-income housing credit (other) 15b c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468) 15c .g t- d Other rental real estate credits (see instructions) Type Oro 15d e Other rental credits (see instructions) Type Ila• 15e f Other credits (see instructions) Type Ilb. 15f 16a Name of country or U.S. possession Illa• b Gross income from all sources 16b % c Gross income sourced at partner level 16c c Foreign gross income sourced at partnership level 0 7* Pert g d auger)! llb• e General category PP. t Other II. 16f 0 C Deductions allocated and apportioned at partner level 0 it g Interest expense llao h Other II. 16h c co Deductions allocated and apportioned at partnership level to foreign source income 11 . ruswa , I.?. i dory r j General category tia. k Other IP. Pk I Total foreign taxes (check one): IP. Paid JI Accrued EI 161 m Reduction in taxes available for credit (attach statement) .. 16m n Other foreign tax information (attach statement) 17a Post-1986 depreciation adjustment 17a 79,682. Minimum Tax (AMT) Items Alternative b Adjusted gain or loss 17b c Depletion (other than oil and gas) 17c d Oil, gas, and geothermal properties - gross income 17d e Oil, gas, and geothermal properties - deductions 17e f Other AMT items (attach statement) SEE...STATEMENT...6 17f <28,874. 18a Tax-exempt interest income 18a Other Information b Other tax-exempt income 18b c Nondeductible expenses SEE STATEMENT 7 18c 54,917. 19a Distributions of cash and marketable securities 19a b Distributions of other property 19b 20a Investment income 20a 6,173. b Investment expenses 20b c Other items and amounts (attach statement) ,, ,, ,,, ,, ,, ,,, ,, ,, ,,, ,, ,, ,,, ,, ,, ,,, ,, ,, JWA Form 1065 (2007) 2n021 12-27-07 3 2007.07080 TCC INTERNATIONAL LLC EFTA00604616 Form 1065 (2007) TCC INTERNATIONAL LLC alai Analysis of Net Income (Loss) Net ncome(lots) Combine Schedule K. Imes 1 thoJoh 1l. hall theresull. 51.) ran the sum of Schedule K Imes 12 through 13d and 191 It I <9,825,954.> I 2 Analysis by (ii) Individual (iii) Individual (v) Exempt (i) Corporate (active) (passive) (iv) Partnership organization (vi) Nominee/Other partner type: a General partners b Limited partners <2267830.> <7558124.> Schedule L I Balance Sheets Der Books Beginning of tax year End of tax year Assets (el (b) (c) (d) 1 Cash 301,049 114 998. 2a Trade notes and account receivable 308,422. 431,443. b Less allowance for bad debts 308,422 431 443. 3 Inventories 4 LI.S. government obligations 5 Tax-exempt securities 6 Other current assets (attach statement) STATEMENT 8 699,172 265 929. 7 Mortgage and real estate loans 8 Other investments (attach statement) 9a Buildings and other depreciable assets 26,902,606. 26,858,937. b Less accumulated depreciation 2,480,923. 24 421,683 4 582,450 22,276 487. 10a Depletable assets b Less accumulated depletion 11 Land (net of any amortization) 12a Intangble assets (amortizable only) 189,699. 187,950. b Less accumulated amortization 161,446. 28,253. 180,864 7,086. 13 Other assets (attach statement) STATEMENT 9 1 030,851 1,901 965. 14 Total assets 26 789,430 24,997 908. Liabilities and Capital 15 Accounts payable 451,209 646,145. 16 ntorooges.notes.ttcodsOarobletao.than 17 Other current liabilities (attach statement) STATEMENT 10 7 750,905 7,825 640. 18 All nonrecourse loans 36 991,368 34,926 833. 19 moron's. notes. bonds payable in I POW Cy 'nay 9 615,616 17,952 133. 20 Other liabilities (attach statement) 21 Partners' capital accounts <28019668 <36352843.> 22 Total liabilities and capital 26 789,430 24,997 908. Schedule M-1I Reconciliation of Income (Loss) per Books With Income (Loss) per Return Note: Schedule M-3 may be required instead of Schedule M.1 (see instiuctons). 1 Net income (loss) per books 6 Income recorded on books this year not included 2 Income included on Schedule K, lines 1, 2, 3c, on Schedule K, lines 1 through 11 (itemize): 5, 6a, 7, 8, 9a, 10, and 11, not recorded on books a Tax-exempt interest $ this year (itemize): 3 Guaranteed payments (other than health 7 Deductions included on Schedule K, lines 1 insurance) through 13d, and 161, not charged against