EFTA01075694.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 EFTA01075694  How Arc You Managing? J.H. COHN LLP 121.2 Avant...It& AlInfrirm New York. NY 10036 Arco:Aux% andunsuharn gme 1919 212-297-0400 fax 212-922-0913 totosulkoltniorst TCC INTERNATIONAL LLC 66 E. 55TH STREET ENCLOSED ARE THE ORIGINAL AND ONE COPY OF YOUR 2006 PARTNERSHIP TAX RETURNS, AS FOLLOWS... 2006 U.S. RETURN OF PARTNERSHIP INCOME 2006 NEW YORK RETURN OF PARTNERSHIP INCOME 2006 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 NEN I \ INTERNATIONAL I.N. Cohn LIP is a mambo of Ntaia Inenaateonal a worldwide mooch of independent accourams and consulting Inns. EFTA01075695  2006 TAX RETURN FILING INSTRUCTIONS U.S. PARTNERSHIP RETURN FOR THE YEAR ENDING DECEMBER 31, 2006 Prepared for TCC INTERNATIONAL LLC 66 E. 55TH STREET NEW YORK, NY 10022 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 INTERNAL REVENUE SERVICE CENTER to 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 PLEASE REMOVE PRIOR TO FILING AND RETAIN FOR YOUR RECORDS 610142 05-01-06 EFTA01075696  Expanded Capital Account Summary Name TCC INTERNATIONAL LLC •. Number Partner THE CORE GROUP MANAGEMENT LLC Partner's Identification Number 375 PARK AVENUE, SUITE 1909 Number 1 NEW YORK, NY 10022 Beginning Capital Schedule M-2. Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital <13,790,443.> <4,488,036.> 3,274,249. <21,552,728.> Partner DAVID FORD Partners Identification Number Number 2 Beginning Capital Schedule M-2. Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital <97,173.> 272,755. <50,582.> 125,000. 0. Partner MARK GILBERTSON Partners Identification Number Number 3 Beginning Capital Schedule M-2. Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital <49,464.> 137,365. <25,401.> 62,500. 0. LEWIS HANDLER Partner L&N SALES & MARKETING Partners Identification Number Number 4 Beginning Capital Schedule M-2, Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital <97,173.> 290,253. <50,580.> 142,500. 0. Total For All Partners Capital Accounts Beginning Capital Schedule M-2. Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital <15,256,628.> 4,256,694. <10,732,540.> 6,287,194. <28,019,668.> 611011 05-01-06 13440311 701201 0706463000 2006.09000 TCC INTERNATIONAL LLC 07064601 EFTA01075697  Expanded Capital Account Summary Name TCC INTERNATIONAL LLC •. Number Partner ADRIAN HYDE Partners Identification Number Number 5 Beginning Capital Schedule M-2. Ending Withdrawals Capital Contributed Lines3.48,7 Capital <49,553.> 147,681. <25,438.> 72,690. 0. Partner LEIGH INGLEBY Partner's Identification Number Number 6 Beginning Capital Schedule M-2. Ending Withdrawals Capital Contributed Lines3.48.7 Capital <196,593.> 586,756. <101,508.> 288,655. 0. NEAL MEAGED Partner SALES & MARKETING Partners Identification Number Number 7 Beginning Capital Schedule M-2. Ending Withdrawals Capital Contributed Lines3.48,7 Capital <97,174.> 290,256. <50,582.> 142,500. 0. Partner RAYMOND NISI Partners Identification Number Number 8 Beginning Capital Schedule M-2, Ending Withdrawals Capital Contributed Lines148.7 Capital <97,174.> 305,754. <50,580.> 158,000. 0. Total For All Partners Capital Accounts Beginning Capital Schedule M-2. Ending Withdrawals Capital Contributed Lines3.418.7 Capital <15,256,628.> 4,256,694. <10,732,540.> 6,287,194. <28,019,668.> 611011 05-01-06 13440311 701201 0706463000 2006.09000 TCC INTERNATIONAL LLC 07064601 EFTA01075698  Expanded Capital Account Summary Name TCC INTERNATIONAL LLC •. Number Partner TOM OWENS Partners Identification Number Number 9 Beginning Capital Schedule M-2. Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital <196,593.> 548,101. <101,508.> 250,000. 0. 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 <97,177.> 272,756. <50,579.> 125,000. 0. WILLIAM WALSH Partner C O MCGUGGAN LLC Partner's Identification Number umber 11 Beginning Capital Schedule M-2, Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital <97,173.> 272,755. <50,582.> 125,000. 0. 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 <97,173.> 272,753. <50,580.> 125,000. 0. Total For All Partners Capital Accounts Beginning Capital Schedule M-2. Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital <15,256,628.> 4,256,694. <10,732,540.> 6,287,194. <28,019,668.> 611011 05-01-06 13440311 701201 0706463000 2006.09000 TCC INTERNATIONAL LLC 07064601 EFTA01075699  Expanded Capital Account Summary Name TCC INTERNATIONAL LLC •. Number Partner YOUNG SOHN Partners Identification Number Number 13 Beginning Capital Schedule t&-2. Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital <196,593.> 586,757. <101,509.> 288,655. 0. DANIEL H. STERN Partner C O RESEVOIR CAPITAL GROUP Partners Identification Number Number 14 Beginning Capital Scheduletka Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital <97,172.> 272,752. <50,580.> 125,000. 0. Partner RFD STEAM LLC Partner's Identification Number Number 15 Beginning Capital Scheduletka Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital <5,484,495.> 982,445. <6,466,940.> Partner Partners Identification Number Number Beginning Capital Schedule M-2. Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital Total For All Partners Capital Accounts Beginning Capital Scheduletka Ending Withdrawals Capital Contributed Lines 3.4 & 7 Capital <15,256,628.> 4,256,694. <10,732,540.> 6,287,194. <28,019,668.> 611011 05-01-06 13440311 701201 0706463000 2006.09000 TCC INTERNATIONAL LLC 07064601 EFTA01075700  1065 U.S. Return of Partnership Income DIAS No. 1545-0089 2006 Face rot calends' yea, 20.6. or tax 'tat tegnnong crone, Department of the Treasury Internal Revenue Service A Principal business activity Name of partnereh., p [acv vv ma,al<mien eurnee“ Use Ina ins MANAGEMENT TCC INTERNATIONAL LLC I be B Principal product or service Omer- Number. street and mom cr suite no. If a P.O. box. see the instruction. E Date 1,5ncf, 7.tfld nese. Pmt 66 E. 55TH STREET 02/10/2003 MANAGEMENT City a town. stale. and ZP code F Toad assets la Pe C Busineea code nonfat. NEW YORK, NY 10022 $ 26789430. 0 Check applicable boxes: (1) U Initial return (2) LJ Final return (3) LJ Name change (4) LJ Address change (5) LJE Amended return Check accounting method: (1) [1 Cash (2) Accrual (3) O Other (specify) ► Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year ► 15 J Check if Schedule M-3 required (attach Schedule M-3) Caution: Include only trade or business income and expenses on lines la through 22 below. See the instructions for more information. I 1 a Gross receipts or sales is 9,805,896. b Less returns and allowances lb 776,292. u 9,029,604. 2 Cost of goods sold (Schedule A, line 8) 2 Income 3 Gross profit. Subtract be 2 from line lc 3 9,029,604. 4 Ordinary income (loss) from other partnerships, estates, and trusts (attach schedule) 4 5 Net farm profit (loss) (attach Schedule F (Form 1040)) 5 6 Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) 6 7 Other income (loss) (attach schedule) SEE STATEMENT 1 7 2,185. 8 Total Income (loss). Combine lines 3 through 7 8 9,031,789. I 9 Salaries and wages (other than to partners) (less employment credits) 9 4,568,661. Deductions (sec instructions for limitations) 10 Guaranteed payments to partners 10 11 Repairs and maintenance 11 232,455. 12 Bad debts 12 13 Rent 13 14 Taxes and licenses 14 15 Interest 15 2,303,776. 16 a Depreciation (A required, attach Form 4562) [161 2,649,402. b Less depreciation reported on Schedule A and elsewhere on return 16b 16c 2,649,402. 17 Depletion (Do not deduct oil and gas depletion.) 17 18 Retirement plans, etc. 18 19 Employee benefit programs 19 550,273. 20 Other deductions (attach schedule) SEE STATEMENT 2 20 5,549,734. 21 Total deductions. Add the amounts shown in the far right column for lines 9 through 20 21 15,854,301. 22 Ordinary business Income (loss). Subtract line 21 from line 8 22 <6,822,512.: 23 Credit for federal telephone excise tax paid (attach Form 8913) 23 Under peas 04 peaty. I &dare that i nave examined the ream. Including OCCOMPanYing eChedultol end Statellenbe. end to tile best of my knowledge and belief.. is true. correct. and owned. Declaration of propene (other than general wag a Mated liablily company Member] Is based on all Informallea of which prepare has any knowledge. Sign May the IRS discuss thisreturn Here wen the premier sheen below .c.ignatuto cc genaial pans linved liability company member manage' I Date ISM Instep Fl Yes No Prepare'. Date PaeganleS SSN or Pile Check if Paid aigrette" sel.employed 0. Prenatal Ftrwsmmo, EIN yaws If set J.H. COHN LLP Use Only gratel0Yedl. Phone CIO awns... ere IP code 611001 JWA For Privacy Act and Paperwork Reduction Act Notice, see sepa rate instructions. 12-28-06 Form 1065 (2006) EFTA01075701  Form 1065 (2006) TCC INTERNATIONAL LLC Page 2 Schedule A Cost of Goods Sold (see the instructions) I Inventory at beginning of year 1 2 Purchases less cost of items withdrawn for personal use 2 3 Cost of labor 3 4 Additional section 263A costs (attach schedule) 4 5 Other costs (attach schedule) 5 6 Total. Add lines 1 through 5 6 7 Inventory at end of year 7 8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, line 2 8 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)10. b Check this box if there was a writedown of 'subnormar goods as described in Regulations section 1.471-2(c) po• c Check this box if the LIFO inventory method was adopted this tax year for any goods (if checked, attach Form 970) 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 Wes; attach explanation. Schedule B Other Information 1 What type of entity is filing this return? Check the applicable box: Yes No a 0 Domestic general partnership b0 Domestic limited partnership • M Domestic imited liability company d 0 Domestic limited liability partnership e 0 Foreign partnership f0 Other gr. 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(a)(1)(B)(1) for partnership-level tax treatment, that is in effect for this tax year? See Form 8893 for more details X ti 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; b 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. If 'Yes; the partnership is not required to complete Schedules L, M-1, and M-2; Item F on page 1of Form 1065; or Item N on Schedule K-1 X 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 Me, a return under section 6111 to provide information on any reportable transaction? X 9 At any time during calendar year 2006, 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. Is. 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 designated W le. THE CORE GROUP MANAGEMENT LLC number of TMP ► Address of ► designated TMP JWA Form 1065 (2006) 611011 12.2836 2 13440311 701201 0706463000 2006.09000 TCC INTERNATIONAL LLC 07064601 EFTA01075702  Form 065 (2006) 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 <6,822,512. 2 Net rental real estate income (loss) (attach Form 8825) 2 3a Other gross rental income (loss) 3a b Expenses from other rental activities (attach statement) I 9b I c Other net rental income (loss). Subtract line 3b from line 3a 3c 4 Guaranteed payments 4 Income (Loss) 5 Interest income SEE STATEMENT 3 5 1,781. 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 Collectibles (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 Pi' 11 12 Section 179 deduction (attach Form 4562) 12 Deductions 13a CoMnbutions 13a b Investment interest expense 13b c Section 59(e)(2) expenditures: (1) Type IllE. (2) Amount Ila• 13c(2 ) El Other deductions (see instructions) Type Po 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 0t- El Other rental real estate credits (see instructions) Type Illo 15d e Other rental credits (see instructions) Type Bah 15e I Other credits (see instructions) Type IIIP. 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 0 Foreign gross income sourced at partnership level -.... 0 d Passta II, e WM:Italica*" pub sin) II, f 'Juno Imr.con IP" 16f 0 c Deductions allocated and apportioned at partner level 0 it g Interest expense llao li Other go 16h c on Deductions allocated and apportioned at partnership level to foreign source income 8 i Fume OP ) Usteitaigorits WW1 6011.1 ill,' k ihrunikann th• 161( I Total foreign taxes (check one): Ill• Paid MI Accrued 0 161 m Reduction in taxes available for credit (attach statement) ... 16m n Other foreign tax information (attach statement) 17a Post-1986 depreciation adjustment 17a 126,990. 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 I Other AMT items (attach statement) 17f 18a Tax-exempt interest income 18a Other Information b Other tax-exempt income 18b c Nondeductible expenses SEE STATEMENT 4 18c 23,664. 19a Distributions of cash and marketable securities 19a 5,637,194. b Distributions of other property 19b 650,000. 20a Investment income 20a 1,781. b Investment expenses 20b c Other items and amounts (attach statement) ,, ,, ,,, ,, ,, ,,, ,, ,, ,,, ,, ,, ,,, ,, ,, ,,, ,, ,, JWA Form 1065 (2006) 511021 122106 3 13440311 701201 0706463000 2006.09000 TCC INTERNATIONAL LLC 07064601 EFTA01075703  TCC INTERNATIONAL LLC Form 1065 (2006) Page 4 Analysis of Net Income (Loss) Net income0ms) Combine Schedule K. Imes 1 thwah II. hall there:Oa 51.) ran the torn of Schedule K Ines 12 thicoah 13d and 191 t I <6,820,731.> 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 <1596903.> <5223828.> Schedule L I Balance Sheets per Books Beginning of tax year End of tax year Assets (a) (b) (c) (d) 1 Cash