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Charles J. RobertsonFrom:Sent:To:Subject:

Charles J, RobertsonWednesday, October 28,200910:14 AMMonty BivensElectronio f ifes

Attachments: OK Venture Credit Requirements.xls; steps for small capital company credit.doc; info document requePlease see attachments.Charlie Robertson, CPAOklahoma Tax CommissionPO Box 269054Oklahoma City, OK 73126-9054(405) 521"6286(405) 522-5990 Fax

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OKLAHOMA TAX COMMISSION - COMPLIANCE DIVSTEPS FOR SMALL BUSINESS/RURAL SMALL

BUSINESS CAPITAL COMPANY CREDITFORMS 526 AND 527

1. Review form for received date. M us t be by A pril 30 1 h .2. C heck fo r eligible inves to rs .3. V erify dates o f inves tm ents ,4. Che ck amo un ts o f in ves tm en ts .5, Verify capital co mpany has required am ount o f as sets fo r inves tm ent,6. C heck no m ore than percentage limit invested in anyone small ven tu re c ompany.7. C heck qualifications of s mall bus ines s venture inves ted in to ins ure m eetss tandard requirem ents to be a small bus ines s venture;a. 50% of as sets or em ployees are located in O klahom ah. 75% of income is g en erate d from re qu ire d s ou rc ec. Type of bus ines s m eets requirem ents and not dis allow ed8. Verify available c redit amount. .9. C heck inves tm ent type to ins ure qu alifies fo r cred it,

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OKLAHOMA TAX COMMISION - COMPLIANCE DIVSmall Busin ess/Rura l Small Busin ess C !lp ital C red itsIN FORMA TJON DOCUMENT REQUESt

I. P ro vide the nam e, addres s, s ocial s ecurity number o r federal id entificatio nnumber o f each d irecto r and principal o f the s mall bu sines s capital comp any .2. R eco rds co ncerning all s ecurities an d s ubo rdinated debt is su ed by th e c ap it alc ompan y which in clu de:a. the type o f s ecurity and subordinated debt is suedb. the n am e, add res s, and telep ho ne num ber o f the inves to r,c. the date of the transaction, andd. the total am ount of the qualified inves tm ent.3. R eco rds relating to each person m aking a qualified inves tm ent w hich includes thes oc ia l s ecu rity n umbe r o r fed eral id en tific atio n n umbe r o f e ach in ve sto r.

4 . R ecords relating to each O klahom a sm all bus ines s venture in w hich the capitalcompany m ade a qualified inves tm ent w hich includes :a. the name of the bus iness .b. lo catio n o f th e h ea dq ua rters an d p rin cip al b us in es s o pe ratio ns o ft-h ebusiness ,c. a description of the type of bus ines s in w hich engaged,d . evidence that the venture m eets the definition of an O klahom a sm allbus in es s v en tu re ,e. a co py o f an y c on tra ctu al a greeme nts e nte red into between the capitalcompa ny an d th e v en tu re .f. th e amo un t o f q ualifie d in ve stm en t in t he ven tu re ,g. th e type of investmen t along with suppor ting documenta tion ,h. the date of the inves tm ent, andi. th e s ou rc e o f fu nd s in ve ste d.5. O rganizational do cum ents of the qualified sm all bus iness capital co mpany andany do cum ents relating to the o rganizatio n o r o peratio ns o f th e capital comp any .6 . . R ec ord s relatin g (:0 all capitalizatio n o f the capital company w hich is no t inv es tedin Okla homa sm all b us in es s v en tu res .7, R ecords relating to all dis tributions m ade by the capital company w hich includethe date of the dis tribution) the am ount of the dis tribution, to w hom thed is trib utio n w as p aid , a nd th e p urp os e o f th e d is trib utio n.S. Copies of any d eterm in atio n le tters is su ed to th e ta xp ay er.9. Copies of Oklahoma Forms 527 and Form s 527wA,

10. C opies of the federal and s tate inco me tax returns for the sm all bus ines s capitalcompany.

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Charles J. RobertsonFrom: Charles J. RobertsonSent: Thursday, October 22,2009 1:49 PMTo: Monty BivensSubject: Answers for TonyAttachments: Cap Co Requirements and Draft IDRpdf; Credit Approval Form.pdf; Venture Capital Tax Credit Pro

Monty,Here is a word document with the Q&A's for Tony and the referenced attachments based on the direction we got yestCharlie Robertson, CPAOklahoma Tax CommissionPO Box 269054Oklahoma City, OK 73126-9054(405) 521-6286{405} 522-5990 Fax

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Would you please provide the following information with regard to all of theventure capital tax credit programs (68 O.S. Section 2357.7 and the SmallBusiness Capital Formation Incentive Act and the Rural Venture CapitalFormation Incentive Act), collectively "credit programs) ' :

1. Any written policy or procedure provided to or used by employees of the TaxCommission which relates to the administration or enforcement of the creditprograms (exclusive of any administrative rule);The Complian ce D iv is io n u tiliz es the fo llo wing pro ced ure w hen v erifying c re dits c laim edo n s us pended returns w ith res pect to the referenced credit pro gram s: T he individualam ended s ectio n or co rpo rate s ectio n auditor that is as signed the s us pended return w iththe claim ed credits fills out a R eques t for A pproval form (s ee attached). T his form isrouted to a Supervis or w ho has cus tody of the inform ational returns filed to es tablis h thecredits (F orm s 5 18 . 5 26 , & 527), T he Supervis or com pares the claim ed creditts ) w ith theinformational r etu rn s f il ed and, ifall is in o rd er , a pp rov es the credit (s ) claim ed. If theinformational returns are m is sing o r do n't reco ncile w ith the taxpayer docum ents lo r th ec re dius ) c laim ed, th e credius) claim ed are denied. T his pro cedure is o rally...communicated to each audito r as part o f their traini ng. It s hould be noted that theapplicable C om pliance D ivis io n s ectio ns o nly deal w ith s us pended returns and pro bablyonly proces s 20% of the to tal do llars claim ed on thes e credit program s. T he AMDpro ces ses the m ajority of the do llar am ounts claim ed, via s us pended o riginal individualinco me tax returns . for thes e credit pro gram s.W hen perfo rm ing field audits o f the entities generating the creditis ), the C om plianceD ivis io n fo llo ws the pro cedures detailed in the D ivis ion 's C orpo rate S ectio n P ro ceduresM anual. This m anual does not s pecifically covel' s om e of the unique as pects andqualificatio n requirem ents fo r the s ubject credit pro gram s. In order to a dd re ss th es eu niqu e as pects an d q ualifica tio n req uirem ents . w e crea ted tax cred it q ualificatio nsummaries and a m odel information do cum ent reques t to aid auditors in co nducting thes eaudits in a uniform an d efficient mann er ( se e a tta ch ed ).2. The number of auditors currently assigned to work on the credit programs witha breakdown of the number of auditors assigned respectively to the Section2357.7 credit, the Small Business Capital Formation Incentive credit(s) and theRural Venture Capital Formation Incentive Act credit(s);No audito rs arc currently as signed to the tax credit pro gram s exclus ively,3. The total number of audits performed by the Tax Commission involving;

a. the "original" venture capital tax credit authorized by 68 O.S. Section2357.7;One

b, the Small Business Capital Formation Incentive Act credit(s); and

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Threec. the Rural Venture Capital Formation Incentive Act credit(s),

Two4. The result of any audit identified in Question No, 3, which was performed priorto the effective date of Enrolled s a No. 1577 (2006 Regular Session) includingthe specific action taken with regard to a credit claimed but disallowed in wholeor in part (within the limit of 68 O.S. Section 205);Sec 2357.7_ Audit. 1- Initially assessed $1,065,785, multiple revisions to $12,042. Nocredits were disallowed.SHe Co's .- Audit 1- Capeo not qualified pel' OK Suprem e C ourt - No creditsdisallowed due to statute of limitations i ssues.SHe Co's -"Audit 2 - CapCo not qual if ied , t axpaye r withdrew protest -~ $67,400 ofcredits disallowed.SHe Co's - Audit 3 - Capt.o qualified.RSBC Co's ,_,Audit] - Capeo qualified.RSBC Co's ''''Audit 2 _.Capeo qualified.5. The result of any audit identified in Question No.3, which was performed onor after the effective date of Enrolled SB No. 1577 (2006 Regular Session),including the specific action taken with regard to a credit claimed but disallowedin whole or in part (within the limit of 68 O.S. Section 205).T here have not been any audits pe r fo rmed after the effective date ofSB N o 1577.

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. . . . . .oj..------.IV~~Q)cs~Q)'do. c : : ,~f A

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._--_._ _----- . .

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In fo rm atio n D ocumen t R eq ues t,,~cC . _ , L . L _. ~ - " - ----r-.--- ..--.--.""

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OFFJCECORRESPONDENCEOKLAHOMA TAX COMMISSION

AMENDED SECTION

.H..~ '"_ .., < ._ H _ ~ __ ._ .._ ,, ~----- ..-T-O;_.--- ,,--- ----~----.- -.--.,.----.--~Date---..~.---.-- - - - - - - - - - - - - - - - - - - - - - - -FROM:SUBJECT: REQUEST FOR APPROVAL. THE FOLLOWING TAXPAYER'S RETURN IS ON

SUSPENSE WITH A PASS-THROUGH CREDIT_ PLEASE VERIFY CREDIT.Ta xP aye r N am e:

SSN:Pass-Through Entity:

FE!:Type of Credit:

TaxYea r CreditType

Sub Total:

CreditClaimed

oTotal (bothcolumns): 0

TaxYea r CreditTypeCreditClaimed

o

TaxYear CreditType

SubTotal:

Cred i tA~Qroved

oTotal(bothcolumns): 0

Credit.Appro~~g.

o

Approve:-_. . . . . . . . . . .-

Sub Total:

TaxYea r CreditType

Sub Total:

Disapprove ~---_ . Pass:CORPORATE AUDITOR: - - - - - - - - - - - - - - - - - - - - - - - - -

CORPORATE SUPERVISOR: - - - - - - - - - - - - - - - - - - - - - - - - - -IJC: Investment JObsCreditN JC : N ew Jobs C re ditRSBCC: Rur al Sma ll Business Capital CreditOlher :

SBCC; Small Business Capita! CreditSBGFC: Small B us in es s G ua ra nty F ee C re ditVCIC: Venture Capita! Investment Credit

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Charles J. RobertsonFrom: Charles J, RobertsonSent: Monday, October 19,20094:02 PMTo: Tony MastinSubject: RE: Cap Co Credits

OK wi me, that should give us plenty of time,Charlie Robertson, CPAOklahoma Tax CommissionPO Box 269054Oklahoma City, OK 73126-9054(405) 521-6286(405) 522-5990 FaxFrom: Tony MastinSent: MondaYI October 19,20093:53 PMTo! C ha rle s ), RobertsonSubje c t: RE : Cap Co CreditsThat is fine. Is it ok that I tell the representative that it will be the first week of Nov?Tony MastinAdm in i str a to r

From: Charles J. RobertsonSent: MondaYI October 191 2009 3:52 P MTo: Tony Mastinec: Monty BivensSubje c t: FW : Cap Co CreditsTony,Monty wanted me to give you an estimate of the time nne for the answers to questions 2-5, We are retrieving microfif ile s a nd attempting to fin d other files and correspondence. Most of the a udit activity took place in late 2006 or ear lythere was some act ivi ty that precedes my employment. We will get you the answe rs ASAP, but realistically it will proearly next week,Charlie Robertson, CPAOkla homa T ax C omm is s io nPO Box 269054Oklahoma City, OK 73126~9054(405) 521~6286(405) 522 w5990 FaxFrom: Monty BivensSent : Thu rsday, Oc tobe r 15, 20094:34 PMTo: Tony M as tinCc: Charles J. Robertson; David Isley; James Fourcade; Larry WilsonSubje c t: FW : Cap Co CreditsTony, Charlie will be in tomorrow to gather information on #1. - mb.... ., ~.~.... ., ~.~ ~ ~."o< . _ ~ . ~ ~ . ~ _ M . ~ ~ . _ . u .. ._ _ ._ , _ . . , _ _ . _ .. -. _ _ . _ : " " ' _ ~ " . _ " " ~ " " " '' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ~ ' ' ' . '~ ' '' ' ' ' _ ' ' ' ' ' ' ' ' ' ' ' _ ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' _ _ _ - '_ ~ ' _ M ' '' '_ M _ _ ' - - ~ ~ . - ~ - - - " , " " " " " , ,, - . , ~.""-'From: Tony Mastin(\" " , ..... A J .. 1\

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S ent: Thurs da y, O ctobe r 15, 2009 3:47 P MTo: Monty B iv e ns ; L a rr y WilsonSubje ct: Cap Co Credi t sMonty,I have been asked for the following information. Please let me know the answer to #1 as soon asand let me know a time frame for the rest. Thanks.

Tony MastinAdministrator

Would you please provide the following information with regard to all of the venture capital tax creprograms (68 O.S. Section 2357.7 and the Small Business Capital Formation Incentive Act and thVenture Capital Formation Incentive Act), collectively "credit programs":1. Any written policy or procedure provided to or used by employees of the Tax Commission whicto the administration or enforcement of the credit programs (exclusive of any administrative rule):2. The number of auditors currently assigned to work on the credit programs with a breakdown onumber of auditors assigned respectively to th e Section 2357.7 credit, the Small Business CapitalIncentive credit(s) and the Rural Venture Capital Formation Incentive Act credit(s); .3. The total number of audits performed by the Tax Commission involving;

a. the "original" venture capital tax credit authorized by 68 O.S. Section 2357.7;b. the Small Business Capital Formation Incentive Act credltts): and

c. the Rural Venture Capital Formation Incentive Act credit(s),4. The result of any audit identified in Question No.3, which was performed prior to the effectiveEnrolled SB No. 1577 (2006 Regular Session) including the specific action taken with regard to aclaimed but disallowed in whole or in part (within the IImlt of 68 O.S. Section 205);5. The result of any audit identified in Question No.3, which was performed on or after the effectiEnrolled SB No, 1577 (2006 Regular Session), including the specific action taken with regard to aclaimed but disallowed in whole or in part (within the limit of 68 O.S. Section 205).

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Charles J. RobertsonFrom : Cha rle s J. Rober tsonSent: Monday, Octobe r 19, 20093:52 PMTo: Tony Mast inCc : Monty B ive nsSubje ct: FW : C ap C o C re dits

Tony,M onty w ante d m e to g Ive you a n e stim ate of the tim e tine for the a ns we rs to que stions 2-5. W e a re re tr ie ving m ic ro fif ife s a nd a tte mpting to find othe r fife s and corre sponde nce . M os t o f the a udit a ctiv ity took pla ce in la te 2006 or e arlythe re w as s om e a ctiv ity tha t pre ce de s m y e mploym ent. W e w ill g et you the a ns we rs A SA P, but re alis tic ally it w ill p roe arly n ext w ee k.Charlie Rob erts on , C P AO kla homa T ax C omm is sionP O B ox 269054Okla homa C ity , OK 7 31 26 -9 05 4(405) 521-6286(405) 522-5990 FaxF ro m~ M on ty B iv en sS ent: T hu rs da y, O cto be r 151 20094:34 P MTo: Tony M as tinC c : C ha rle s J. Rob erts on ; D av id Is le y; Ja m es Fourcade: La rr y W i ls o nSubject: FW; Cap Co Credi t sT o ny , Char lie will be in tom orrow to ga the r in form ation on #1. - m b

From : Tony M as tinS ent: T hurs da y, O ctobe r 15 1 20093:47 P MTo: M onty B ive ns ; la rry W ils ons ubje ct: ca p C o C re dftsMonty,f have been asked for the following information. Please let me know the answer to #1 as soon asand let me know a time frame for the rest. Thanks,

Tony MastinAdministrator

Would you please provide the following information with regard to all of the venture capital tax creprograms (68 O.S, Section 2357.7 and the Small Business Capital Formation Incentive Act and thVenture Capital Formation Incentive Act.), collectively "credit programs":1. Any written policy or procedure provided to or used by employees of the Tax Commission whicto the administration or enforcement of the credit programs (exclusive of any administrative rule);2. The number of auditors currently assigned to work on the credit programs with a breakdown onumber of auditors assigned respectively to the Section 2357.7 credit, the Small Business Capita

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Incentive credit(s) and the Rural Venture Capital Formation Incentive Act credit(s);3. The total number of audits performed by th,eTax Commission involving;

a. the "original" venture capital tax credit authorized by 68 O.S. Section 2357.7;b. the Small Business Capital Formation Incentive Act credit(s); andc. the Rural Venture Capital Formation Incentive Act credit(s).

4. The result of any audit identified in Question No.3, which was performed prior to the effectiveEnrolled SB No. 1577 (2006 Regular Session) including the specific action taken with regard to aclaimed but disallowed in whole or in part (within the limit of 68 O.S. Section 205):5. The result of any audit identified in Question No.3, which was performed on or after the effectEnrolled SB No. 1577 (2006 Regular Session), including the specific action taken with regard to aclaimed but disallowed in whole or in part (within the limit of 68 o.s. Section 205).

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Charles J. RobertsonFrom: Charles J. Rober t sonSent: Mond ay, O cto be r 19. 2009 11:30 AMTo: Monty BivensSubject: FW Cap Co CreditsAttachments: Cred i t Approval Forrn.pdt:Cap Co Requirements and Draft IDRpdf

He re is what I s e nt to Tony,Charlie R obe rts on, C P AOklahoma Tax CommissionPO Box 269054Oklahoma City, OK 73126-9054(405) 521~6286(405) 522-5990 FaxFrom: Char les J. Rober t sonSent: MondaYI October 19, 20099:26 AMTo: Tony M as tine e : (La rry Wilson'Subject: FW: Cap Co Cred i tsTony,Monty wanted me to send this information to you.Charlie Robertson, CPAO kla homa T ax C omm is s io nP O Box 269054Oklahoma City, OK 73126~9054(405) 521M6286(405) 522-5990 FaxFro m: C ha rle s J. RobertsonSent: Friday, O ctobe r 16, 2009 3: 13 PMTo: Monty B iv e nsSubject: FW: Cap Co Cred i tsMonty,A dde d in fo for f ie ld audits p e r o ur d is c us s io n,Charlie Robertson, CPAOklahoma Ta x Commiss ionPO Box 269054Oklahoma City, OK 73126-9054(405) 521~286(405) 522-5990 Faxfrom: Char les J. Rober t sonSent: Friday, October 161 2009 10:54 AMTo: Monty BivensSubject: RE: Cap Co CreditsMonty.Please see draft answer to #1 below.

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Cha rlie R ob erts on , C P AO kla hom a T ax C omm is sio nPO Box 269054Oklahoma City, OK 731269054(405) 521-6286(405) 5225990 FaxFrom : M onty B ive nsSent: Thu rs d ay , Oc to be r lS, 20094:34 PMTo: Tony M as tinC c: C ha rle s J. Rob erts on ; D av id Is le y; Ja me s F ou rc ad e: Larry WilsonSubject: FW: Cap Co CreditsTony, Charlie w ill b e in to morro w to g ath er in fo rm a tion on #1. - mb__............~I......._..._. ........._ . . . . . . . . . _ _ ~ -- .. . . . . . . . . . .. . . . .. . . . . . . . . . . " .. . . . . . . . . . ._~....._"_ ---. . . . .- .. .~~. . . . . . . . . . ."From : Tony M as tinSent: Thursday, October 15, 2009 3:47 P MTo: Mon ty B iv en s; La rry WHs onSubject: Cap Co Credits

Monty,I have been asked for the following information. Please let me know the answer to #1 as soon asand let me know a time frame for the rest Thanks. .Tony MastinAdministrator

Would you please provide the following information with regard to all of the venture capital ta x creprograms (68 0.8. Section 2357.7 and the Small Business Capital Formation Incentive Act and thVenture Capital Formation Incentive Act.), collectively "credit programs":1. Any written policy or procedure provided to or used by employees of the Tax Commission whicto the administration or enforcement of the credit programs (exclusive of any administrative rule);The Compliance Division utilizes the following procedure when verifying credits claimed on suspendedrerespect to the referenced credit programs: The individual amended section or corporate section auditor thathe suspendedreturn with the claimed credits fills out a Requestfor Approval form (see attached). This forto a Supervisor who hascustody of the informational returns filed to establishthe credits (Forms 518, 526,The Supervisor compares the claimed credit/a) with the informational returns filed and) if all is in order} apcredius) claimed. If the informational returns aremissing or don't reconcile with the taxpayer documents f(s) claimed, the credius) claimed are denied. This procedure is orally communicated to each auditor as partraining. It should be noted that th e applicable Compliance Division sectionsonly dealwith suspendedretuprobably only process 20% of the total dollars claimed on thesecredit programs. The AMI) processes thethe dollar amounts claimed, via suspendedoriginal individual income tax returns, for thesecredit programsWhen performing field audits of the entities generating the credius), the Compliance Division follows the Idetailed in the Division' s CQIPont.t.G.S~.c;JjQn.Pf.QYG.gYr.~fLM~nuAl. This manual doesnot sped fically cover sunique aspectsand qualification requ i rements 1:01'he subject credit programs. In order to addresstheseunand qualification requirements. we created tax credit qualification summariesand amodel information docrequestto aid auditors in conducting theseaudits in a uniform and efficient manner (see attached).2. The number of auditors currently assigned to work on the credit programs with a breakdown onumber of auditors assigned respectively to the Section 2357.7 credit, the Small Business Capital(\') J'1 A /1 ()

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Inceptive credit(s) and the Rural Venture Capital Formation Incentive Act credit(s);3. The total number of audits performed by the Tax Commission involving;

a. the "original" venture capital tax credit authorized by 68 O.S. Section 2357.7;b. the Small Business Capital Formation Incentive Act credit(s); andc. the Rural Venture Capital Formation Incentive Act credit(s).

4. The result o f any audi t identified in Question No.3, which w as pe rform ed prior to the effectiveEnrolled S8 No. 1577 (2006 Regular Session) including the specific action taken with regard to aclaimed but disallowed in whole or in part (withinthe limit of 68 O.S. Section 205);5. The result of any audi t identified in Question No.3, which was performed on or after the effectiEnrolled S8 No. 1577 (2006 Regular Session), including the specific action taken with regard to aclaimed but disallowed in whole or in part (within the limit of 68 O.S. Section 205).

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I nf ormati on Document Reques t _ _ _ . . _ _ _ - - " , . - - - k . . . -P-rov.ide.,the-uame>"address,,,sociaLsecux:ity-number-or...federal-idcntificaiion-.-,,-._....._...._.n umbe r o f e ach d irec to r an d p rin cip al o f th e sm all b us in es s ca pita l c ompa ny ,2 . R ec ord s c on ce rn in g a ll s ecu ritie s a nd subordinated deb t is s ued by th e capital

company wh ich include:a. the type of security and subordinated deb t i ss u edh. the name, a dd re ss , te le ph on e number o f th e in ve sto r,c. the date o f the transaction, andd. the total amount of t he qual if ied inve s tmen t3. Records relating to each person makin g a qua li f le d investment which includes thes o cia l s ec urity n umber o r fe de ra l id en tific atio n n umber o f each investor.4. Records relating to eac h Ok la homa small bus ine s s venture in whic h th e c ap ita lc ompany made a qua lifie d in ve stment which includes:a. the nam e of the bus iness ,b . lo ca tio n o f th e h ea dq ua rte rs an d p rin cip al b us in es s o pe ra tio ns o f th ebusiness.c. a des criptio n of th e ty pe o f b us in es s in w hic h engag ed,d. evidence th at th e v en tu re meets th e definition o f an O klahoma smallbusiness venture.e. a c opy o f a ny c on tra ctu al agreements en te red into between th e capitalc omp an y a nd th e v en tu re ,f. th e amount o f q ua lifie d in ve stment in th e v en tu re ,g. the type of investment along wi th suppo r ti ng documen ta ti on ,h. the date of the in ve s tment, a ndL the so urce of funds inves ted;5. Organizational documents o fth e q ua lif ie d small b us in es s c ap ita l c ompany andan y doc uments re la tin g to th e organization or operation o f th e c ap ita l company.6 . R ec ord s re la tin g to all c ap ita liza tio n o f th e c ap ita l compa ny whic h is n ot in ves tedin Oklahoma sma ll bus in es s v en tu re s ;7 . R eco rds relating to all dis tributio ns m ad e by t he capi ta l company which inc ludesth e d ate o f th e d is trib utio n, th e amount o f th e d is trib utio n, to whom , t hed is tr ib utio n w as p aid , a nd th e p urp os e o f th e d is trib utio n.S. Copies of dete rmina tio n le tte rs is s ued to th e taxpayer.9, Copies o f all O klah oma F orm15 27 an d Formr527-A..10. C opies of th e federal a nd s tate in come ta x re tu rn s- / - d t . o : ~ ~~'$5

~~~,.

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OFFIC E CORRESPONDENCEOKLAHOMA TAX COMMISS ION .

AMENDED S E CT ION

, " .-..- .--- -......-- -- --- .-.- -- ~ - --- --- :-TO.;......._ ..-'" ,,- --..- -~ ~- - '" --- - ..-- --- - - .. .-------Date..------. ..--FROM:

S UBJE CT: R EQ UE ST FO R A PP RO VA L. TH E FO LLOWIN G TA XP AYE R'S R ETU RN IS O NSUS PE NS E W ITH A P A SSMT HROUGHCR E DIT . P LE AS E V ER IFY C RE DIT .Tax P aye r Name :

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IJ C: In ve s tm e nt J ob s C re d itN JC : N ew Jobs C re ditR SBCC : R ura l Sm all B us in es s C apita l C re ditOther :

SBce; Small B us in e ss C a pita l C re d itS BGFC ; Sma lll3 us in es s G ua ra nty F ee C re ditVC1C : V e ntu re C a pita l In ve s tm e nt C re d it

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Charles J. RobertsonFrom:Sent:To:Cc:Subject:

Char les J. Rober tsonM onda y, O ctobor 19, 2009 9:26 A MTon y M a stin'larry Wilson'FW; Cap Co CreditsAttachments: Credit Appr ov a l Form .p df ; Cap Co Requ i r ement s and Draft IDR.pdf

Tony,M onty wa nte d m e to s end th is inform ation to you.C ha rlie R ob erts on , C P AO kla homa T ax C omm is sio nP O B ox 269054O kla homa C ity, O K 7 312 6-9 05 4(405) 521 "6286(40 5) 5 22 -5 99 0 F axFrom: Char les J. Rober tsonSent: F ri da y, Oc to be r is, 2009 3:13 PMTo: M onty B ive nsSubject: FW: Cap Co Credi t sMonty,A dde d into for f ield a ud its p er o ur d is cu ss ion .C ha rlie R ob er ts on , C P AO kla hom a T ax C omm is sio nPO Box 269054Oklahoma City, OK 73126 "9 054(405) 521-6286(405) 522-5990 Fa xFrom: Char le s J, Rober tsonsent: F ri da y , Oc to be r 161 2009 10:54 AMTo: M only B ive ns.Subject: RE: Cap Co CreditsMonty,P le as e s e e dra ft answe r to #1 be low .C ha rlie R ob erts on , C P AO kla homa T ax C omm is sIo nPO Box 269054O kla homa C Ity, O K 73 12 6"9 05 4( 405) 5 21 "6 286(4 05 ) 5 22 -5 990 F axFrom : M onty B ive nsSent: Thursday, Octobe r 15,20094:34 P MTo: Tony M as tInC c : C ha rle s J. R obe rts on: D avid Is le y; Ja me s Fourcade; larry WilsonSubject: FW: Cap CoCredi t s

fl?1?4/10

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Tony, Charlie will be in tomorrow to gather information on #1, - mb

From: Tony MastinSent: Thursday, October 15, 2009 3:47 PMTo: Monty Bivens; Larry WilsonSubject: Ca p Co CredItsMonty,I have been asked for the following information. Please let me know the answer to #1 as soon asand let me know a time frame for the rest Thanks.

Tony MastinAdministrator

Would you please provide the following information with regard to all of the venture capital tax creprograms (68 q.S. Section 2357.7 and the Small Business Capital Formation Incentive Act and thVenture Capital Formation Incentive Act.), collectively "credit programs":1. Any written policy or procedure provided to or used by employees of the Tax Commission whicto the administration or enforcement of the credit programs (exclusive of any administrative rule);The Complian ce D iv is io n utilizes { he fo llo win g pro ced ure w hen verifying cred its claim ed o n s us pen ded re tres pect to the referenced credit pro gram s: T he individual am ended s ection o r corpo rate s ection auditor thatthe s us pended return w ith the claim ed credits fills out a Reques t for A pproval form (see attached). This form(:0 a Supervis or w ho has cus tody of the inform ational returns filed to es tablis h the credits (Form s 518, 526,T he S upervis or co mpares the claim ed credit(s ) w ith the info rm atio nal returns filed and, if all is in o rder, appcredius) claimed. If th e informational returns are m is sing o r do n't reco ncile w ith the taxpayer docum ents f e(s ) claim ed , the credius) claim ed are denied, T his procedure is orally communicated to each audito r as parttraining. It s hould be no ted that the applicable C om pliance D ivis ion s ectio ns only deal w ith s us pended retuprobably only proces s 20% of the total dollars claim ed on these credit program s. T he AMD proces ses the mthe dollar am ounts claim ed, via s us pended original individual incom e tax returns , for thes e credit pro gram s.W hen perform ing field audits o f (he entities generating the credius ), the C om pliance D ivis io n fo llow s the pdetailed il l t he Divi s ion 's . C Q l . : . R Q r A . t ~ " S e . G t i . Q 1 L P m , G , , g _ n r ~ , s . M ~ m m ~ L ,This manual does no t s pecifically co ver sunique as pects and qualification requirem ents for the s ubject credit program s, In order to addres s thes e uniqand q ualificatio n requ irem en ts , w e created tax cred it q ualificatio n s ummaries an d a model info rm atio n do curequest (0 aid audito rs in co nducting thes e audits in a uniform and efficient m anner (s ee attached).2, The number of auditors currently assigned to work on the credit programs with a breakdown ofnumber of auditors assigned respectively to the Section 2357.7 credit, the Small Business CapitalIncentive credit(s) and the Rural Venture Capital Formation Incentive Act credit(s);3. The total number of audits performed by the Tax CommIssion involving;

a. the "oriqlnal" venture capital tax credit authorized by 68 O.S. Section 2357.7;b. the Small Business Capital Formation Incentive Act credit(s); andc. the Rural Venture Capital Formation Incentive Act credltis).

4. The result of any audit identified in Question No, 3, which was performed prior to the effective dEnrolled SB No. 1577 (2006 Regular Session) including the specific action taken with regard to a(\') /,)A 11 ( \

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claimed but disallowed in whole or in part {within the limit of 68 O.S. Section 205);5. The result of any audit identified in Question No.3, which was performed on or after the effectiEnrolled SB No. 1577 (2006 Regular Session), including the specific action taken with regard to aclaimed but disallowed in whole or in part (within the limit of 68 O.S, Section 205).

02/24/] 0

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OFF IC E CORRESPONDENCEOKLAHOMA TAX COMMISSION.

AM ENDED S E CT ION- - , "."".----- ---~ '- ..-- ---- .. ..----.----TQ -: -- . '0 __ . __

FROM:SUBJECT : REQUEST FOR APPROVAL THE FO LLOW ING T AX PA YE R 'S R ET URN IS ON

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CORPORAT E SUP E RVIS OR : - - - - - - - - - - - - - - ~ - - - - - - - - - - -IJC : In ve s tm e nt J ob s C re ditN JC : N ew Jobs C re dit

. R SB CC ; R ura l S ma ll B us ine ss C apita l C re ditOther:

sacc: Sm all B us in es s C ap ita l C re ditS BG FC : S ma ll B us ine ss G ua ra nty Fe e C re dltV CIC : V en tu re C ap ita l In ve s tm e nt C re dll

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't5+-'1::WE~.~I I . >l!! :SE '0~ tii~w8Il 0('..1l( J < I l 5 : ? ?c'1 i) .sot;, '()oz o ()m(ij~ to (/) ~(,1)4)_E Ill.r; O Je n ,s ....

til 'O.E :EE> - 0 ~~ ~~r;OJ ~ @ ~2~2 o 1::"'0'-", c f l l :l~g6j ~(I,l 5c~ (f.I,_0~II ,_ 0::(I) (lire .:;:,O> ~'b~~~5m ~-g E.aiJf=~()(I) ,!{I r : : : : , - f.i ()c Om : ~~:::s lij~~cn'w ~~ c.....c; tI)& : W~(I)'O 0:: > .ro 0'" ~>i)'~CilJ2c: 0 c'tl~cnE .- (I) ,_ woO)(fJ

~~i.E1513 (1)~rn ~:Eg;o:S="tiE0 (J) C \I ( ) , . . . > - ! ! I~ (I) \5 0 'f i 0c, (1).0 0"!II ' - r o l l l 'O32 (I)~ j({) -,:g~~0 ~ m c O)cJ)~cll::J~- g Q ' ? J c : f ; .;:u)"C c: "'...........:: ....

C 0. E ::l._ 0~~m' m f f is ( l ) 'O]l~'O~>1\ 'lm ~ $ l ' ~ Iii ~0$i i , 5 ;! ) : , m N ' s ( ;>$=,>..,.0m ~ ~ m 1 5 icro-c, , " < -.- ::7 m'-, ~g~~ ro,crr ~E~ (I) ~ ,-. E ~ . ~~(I)E ' _ ( I ) ~ I~~,~~ro~~(ij '0 c ; : ; c ~-~ 'g OJ =~oo-w~~~ ro 0 n 13 (\) ~'.tl ~~ s g.8J::~2 '0 @ (f) ,.".,,=I! ! Q)1iiCC:t;:'~~~iQ(l)~

m:;:,88~;:);:JCll~ 0:iS~z ~ (!)DJ.sEuc3"-:N('t)V ":NM..:tu)(l)"":

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Q)H ~ U . ro. . . . . . . . . . . . . _ " " - . . - 1 5 . . _ _ . - . " . - ~ . - - - . . " . - . - - . .- - . - - - - - - - - . - - - . .- . , , - - - . ~ - - - . - - ' ' - " - - ~ - - - . - - . - - ~ - - .~ ~~ ~o 0

6oIII(.I)a ::. _ .

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I nformatio n Documen t Reque st, - ,, , , - -, , , ,, , , -, , ,- , -, - , ~ , ", , -- , ,- , ,, , ,, , , ,, l ,. . . . -- P - r . o i d e . .the.nam.e.",address~"s ocial-secur:ity~number-orJederaLidentification,--------~ .... .--number o f each directo r and principal o f the small bus ines s capital company.2. R eco rds co ncerning all s ecurities and s ubo rdinated debt is sued by the capi ta l

company which include:a. the type of security an d s ubo rd in ated de bt is s uedb. the name, address, tele pho ne numb er o f the in ves to r,c. the date of the transaction, andd. the-total amount o f the qualified investment3. R ecords relating to each pers on m aking a qualified inves tm ent w hich includes thes ocial s ec urity numb er o r fe dera l id en tifica tio n n umbe r o f e ach in ve sto r.4. R ecords relating to each O klahom a small bus ines s venture inwhich th e c ap ita lc ompa ny mad e a q ualified in ve stmen t which in clu de s:a. the name of the business,b. location of the headquarters and principal business operations of thobusiness,c. a description of th e type of business in which engaged,'d . evidence that the venture m eets the definitio n of an O klahoma smallbus ines s ven tu re ;e. a copy of any c on tra ctu al a greements e nte red in to b etw ee n th e c ap ita lcompan y an d th e v en tu re,f. th e amount o f q ua lified in ve stmen t in th e v en tu re,g. the type of inves tm ent along w ith s upporting documentation,h. the date of the investment, andi. the source of funds invested;5 . O rganizatio nal do cuments of the qualified small bus ines s capital company andany do cuments relating to the o rganizatio n o r o peratio n o f the capital company.

6 . R ecords relating to all capitalization of the capital com pany w hich is not inves tedin Okla homa small b us in es s v en tu res ;7. Records relatin g to a ll d is trib utio ns mad e by th e ca pita l c ompa ny whic h in clu de sthe date o f the dis tributio n, the amount o f the dis tributio n, to w hom ..thed is tr ibuti on was paid, an d the purpos e o f th e d is tr ib utio n.8 , ( C opies o f determ inatio n letters is sued to the taxpayer.9. C opies of all Oklahom a Form 1527 and Formr527,!! \.10. Copies o f the federal and state inCOM ()tax returnft/.ot. ~ ~ f k ;~$5~~~,.

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Charles J. RobertsonFrom:Sent:To:Subject;

Char le s J. Robe r t sonFr ida y, O ctobe r 16 , 2009 3:13 P MMo nty B iv e nsFW : C ap C o C re dits

A tta chm e nts : C re dit A pprova l F orm .pdf; C ap C o R equire m en ts a nd D ra filD R.pdfMonty.A dd ed in fo fo r f ie ld a ud its p er o ur d is cu ss io n.C ha rlie R ob er ts on , C P AOk lahoma Ta x Commiss ionP O B ox 269054O kla homa C ity, O K 7 31 26 -9 05 4(405) 521v6286(4 05 ) 5 22 -5 99 0 F axFrom : C ha rle s J, Rober tsonSe nt: Fr Ida y, O ctobe r 161 2009 10:54 A MTo: Mon ty B rv en sSubje ct: R E: C ap C o C re ditsMonty,P le as e s e e dra ft a nsw er to #1 be low .C ha rlie R ob er ts on , C P AO kla homa T ax C omm is s io nP O Box 269054O kla homa C ity , O K 7 31 26 -9 05 4(405) 521-6286(4 05 ) 5 22 ~5 99 0 F axFrom : M onty B Ive nssen t : Thursday, O ctobe r 15, 20094:34 P MTo: Tony M as tinCc : Char les J. Ro be rts o n; D a vid Isley; Ja m es F ou rc ad e; L ar ry W ils onSubject: FW: Cap Co Credi t sTony, C ha rlie w ill be In tom orrow to g athe r in form ation on #1. - m b

From: T on y M a stinSe nt: Thurs day, O ctobe r 15, 2009 3:47 P MTo: M onty Bivens; la rry W ils onSubject: CapCo CreditsMonty,I have been asked for the following information. Please let me know the answer to #1 as soon asand let me know a time frame for the rest. Thanks.

Tony MastinAdministrator0?/74/1 ()

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Would you ple as e p rov ide the fo llow ing in fo rm ation w ith re ga rd to a ll o f the ve nture ca pita l ta x c reprog ra ms (68 D ,S . Se ction 2357,7 a nd the Sm all Bus ine ss Ca pita l Fo rm ation Ince ntive A c t a nd tV e ntu re C a pita l F orm atio n In ce n tiv e A ct.), c olle c tiv e ly "c re d it p ro gr am s ":1. A ny w ritte n po lic y o r p roce dure p rov ide d to or us ed by e mploye e s of the Ta x Com mis s ion whicto the a dm inis tra tion or e nfo rce me nt of the c re dit p rog ra ms (e xc lus ive o f any adm in is tr a tiv e r ule );T he C omplia nce D iv is io n u tiliz es th e fo llowin g p ro ced ure whe n v erify in g cre dits c la im ed o n s us pe nd ed reres pect to the referenced credit p ro gram s: T he individual am ended s ectio n o r co rpo rate s ectio n audito r thathe s uspended return w ith the claim ed credits fills out a R eques t for A ppro val form (see attached). This forto a Supervisor w ho has cus tody of the inform ational returns filed to es tablish the credits (Form s 518, 526 ,T he S upervis or compares the claim ed credius ) w ith the info rm atio nal returns filed and. ifall is in o rder, apc re dit(s ) claim ed . If th e in fo rm atio na l retu rn s a re m is sin g 01' do n't reco ncile w ith the taxpayer do cum ents(s ) claim ed, the credius ) claim ed are denied. This procedure is o rally co mm unicated to each auditor as partraining, It s ho uld be no ted that the applicable C om pliance D ivis io n s ectio ns o nly deal w ith s us pended retuprobably only proces s 20% of the total dollars claim ed o n these credit program s. The AMD processes theth e d olla r amo un ts c la im ed , v ia s us pe nd ed o rig in al in div id ua l in com e tax retu rn s; for th es e c redit p rog ramsWhen perfo rm ing field audits o f the entities generating the cred itts ), the C om pliance D ivis io n fo llo ws thedeta i l ed in th e D ivis ion 's C Q l :P Q r ~ J ~ _ S . _ Q g l j9 . n _ P . m . G q Q l J r , S " " . M ~ U l l . J ~ L T his m anual d oes no t s pecifically co vel' su niq ue as pec ts a nd q ualific atio n re qu iremen ts fo r th e s ub jec t c re dit p ro grams . In o rder to ad dres s thes e una nd q ualific atio n re qu ireme nts , w e c re ate d tax c red it q ua lific atio n s ummarie s an d a mo de l in fo rm atio n docrequest to aid audito rs in co ndu cting thes e audits in a unifo rm and efficien t m anner (s ee attached).2. The num be r o f a uditors curre ntly a ss igne d to work on the c re dit p rog ram s w ith a bre akdown onum be r o f a ud itors a ss ig ne d re spe ctive ly to the Se ction 2357,7 c re dit, the Sm all Bus ine ss C ap ita" Incentive creditts) a nd the R ura "1V e nture C ap ita l F orm a tio n In ce ntive A ct c re dit{s );3. The to ta l num be r o f a ud its pe rfo rm ed by the Ta x C omm is sion invo lv ing ;

a . the "o r ig ina l" ve ntu re c ap ita l ta x c re dit a uthor ize d by 68 O .S , S e ctio n 23 57.7;b. the Sma ll B us ine ss C ap ita l Fo rm a tion Ince ntive A ct c re dit(s ); a ndc . the R ura l V enture C apita l F orm ation Ince ntive A ct c re dit(s ).

4, The re su lt o f a ny aud it ide ntif ie d in Q ue stion No.3 , which wa s pe rform ed prio r to the e ffe ctiveE nro lle d S8 No. 1577 (2006 Re gula r Se ss ion) inc lud ing the s pe cif ic a c tion ta ke n w ith re ga rd to ac la im ed but d is a llowe d in whole o r in pa rt (w ith in the lim it o f 68 O .S . Se ction 205);5. The re sult o f a ny a ud it ide ntif ie d in Q ue stion No.3, which wa s pe rform ed on or a fte r the e ffe ctE nro lle d SB No. 1577 (2006 Re gula r Se ss ion), inc lud ing the s pe cif ic a ction ta ke n w ith re ga rd to ac la im ed but d is a llowe d in who le o r in pa rt (w ith in the lim it o f 68 O .S. Se ction 205),

f)'J /,).JI /1 ()

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Charles J. RobertsonFrom:Sent:To:Subject:

Cha rle s J. R o be r ts o nF rida y, O ctobe r 16 , 2 009 10:54 AMMo nty B iv e nsR E: C ap C o C re dits

A tta chm e nts : C re dit A pprova l F orm .pdfMonty,P le as e s ee dra ft answer to #1 below.Charl ie Rob erts on , C P AO kla hom a Ta x Commiss ionP O Box 269054Oklahoma City, OK 73126~9054( 40 5 ) 5 21 -6 286(40 5) 52 2-599 0 Fa xFrom : M onty B ive nsS ent: Thurs da y, Octobe r 15, 20094:34 P MTo: Tony Mastinee: Char les J, Robe rts on: D avid Is le y; Ja me s Fourc ade ; La rry W ils onSubject: fW: Cap Co C r e di tsTony, Ctlar1ie will be in tom orrow to ga the r inform ation on #1. - m b

From: Tony Mast inSent: Thursday, October 15, 2009 3:47 PMTo: Monty B iv en s; L arr y W ils onSubject: Cap Co CreditsMonty,I have been asked for the following information. Please let me know the answer to #1 as soon asand let me know a time frame for the rest. Thanks.

Tony MastinAdministrator

Would you please provide the following information with regard to all of the venture capital tax creprograms (68 O.S. Section 2357.7 and the Small Business Capital Formation Incentive Act and tVenture Capital Formation Incentive Act.), collectively "credit programs":1. Any written policy or procedure provided fa or used by employees of the Tax Commission whicto the administration or enforcement of the credit programs (exclusive of any administrative rule);'T he C omplia nc e D iv is io n u tiliz es th e following p ro ced ure when v erify in g c red its claimed on suspended rere sp ec t to th e re fe ren ce d c re dit programs: The individual amended section 01' co rpo rate s ectio n audito r thathe sus pended return w ith the claim ed credits fills o ut a R eques t iOI' Approval form (see attached). This foto a Supervis or w ho has cus to dy of the inform atio nal returns file d to establish the credits (Fo rm s 5 I 8 , 526,The Su pervis or compares the claim ed crcdit(s ) w ith the informational re tu rn s file d a nd , ifall is in order, apcredins) claim ed. Ifthe info rm atio nal retu rns are missing or don't reco ncile w ith the taxpayer do cum ents07 /? .411 0

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(s) claimed, the crcdius) claimed are denied. This procedure is orally communicated to each auditor as partraining. It should be noted that the applicable Compliance Division sections only deal with suspended retprobably only process 20% of the total dollars claimed on these credit programs. The AMD processes thethe dollar amounts claimed. via suspended original individual income tax returns, for these credit programs2. The number of auditors currently assigned to work on the credit programs with a breakdown onumber of auditors assigned respectively to the Section 2357.7 credit, the Small BUsiness CapitaIncentive credit(s) and the Rural Venture Capital Formation Incentive Act credit(s);3. The total number of audits performed by the Tax Commission involving;

a . the "original" venture capital tax credit authorized by 68 O.S, Section 2357.7;b. the Small Business Capital Formation Incentive Act credit(s}; andc. the Rural Venture Capital Formation Incentive Act credit(s).

4. The result of any audit identified in Question No.3, which was performed prior to the effectiveEnrolled S8 No. 1577 (2006 Regular Session) including the specific action taken with regard to aclaimed but disallowed in whole or in part (within the limit of 68 O.S. Section 205);5. The result of any audit identified in Question No.3, which was performed on or after the effect.Enrolled S8 No..1577 (2006 Regular Session). including the specific action taken with repard.to.aclaimed but disallowed in whole or in part (within the limit of 68 O.S. Section 205).

()')/,M/lO

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Charles J. Robertson --~.~.,.-----.- . . .~~------~.--"--.-.-.-~".",.-.-From:Sent:To:

Char les J. RobertsonMonday, October 12,2009 11:27 AMMike Kau fmann

Subject: RE:Attachments: Forms 518 2008. pdf; Forms 5182006 1.pdf; Forms 5182006 2.pdf; Forms 518 2006 3.pdf

I ha ve 2006 and 2008, but am missing 2007.H av e yo u h ea rd a nyth in g ye t on the OSU Fa rm & B us ine ss s em ina r th is ye ar?C ha rlie R ob erts on , C P AO kla hom a Ta x C om mis sionPO Box 269054Oklahoma C ity, O K 73126-9054(405) 521-6286(405) 522-5990 FaxFrom: M ik e Ka ufmannSent: Fr ida y, Oc tobe r 091 20099:05 AMTo: Char les J. Rober tsonSubject:Charlie:H ope all is w ell. . Q uick ques tion for you re : Venture Capit al Cred it s. I know you get form 526 and 527 frRura l Small Bu sin es s C ap ita l C ompanie s. DO you also get the form 5] 8 1s from Ven tu re C apita l C ompanie0.8. 2357.7?

M lc hac l K au frnannT ax P olic y Ana lys tOkla h oma T ax CommissionPhone: (405)521-3133. ema i l: mkau f 'hH lI ln@ h lx .ok .govPU ..ASE N (,),I'E : T he materia ls in clu de d in ch is transmis sio n tl1HY conta in privileged and co nfidential inform atio n from the file!;rhe O kla ho ma T ux C omm is sio n. Ifyou a rc .no t th e re cip ie nt na me d, be aware t ha t u n au th o ri ze d d is s em i na ti on , disclosure, c op yinin fo rm a tio n o bta in e d (i '0111 the nic s o f the Oklahom a Tax Com mis sion is s tr ic tly prohib ite d and s ubje ct to both c iv il a nd c r im ina !unde r stale a nd fe de ra l la ws . If YOLI ha ve re ce ive d th is m es sa ge in CITO]', please notify the Ag ency im me dia te ly a t the te le phoneabo ve, A rrangem ent's w ill be m ade fo r its retrieval. T han k y ou.

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Charles J. RobertsonFrom: Charles J. RobertsonSent: Tuesday, September 01, 200910:48 AMTo: MikeKaufmannSubject: 2007 526Attachments: Forms 526 2007 2.pdt; Forms 526 2007 t.pdt

Charlie Robertson, CPAOklahoma Tax CommissionPO Box 269054Oklahoma City, OK 731269054(405) 521~6286(405) 522-5990 Fax

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Charles J. RobertsonFrom:sent:

Charles J. RobertsonTuesday, September 01,200910:49 AMMIke Kaufmann2007527

To:Subject:Attachments: Forms 527 2007 2.pdf; Forms 527 2007 1.pdf

Cha rlie R ob erts on , C P AOklahoma Tax CommissionPO B ox 269054O kla homa C ity, O K 7 31 26-9 05 4(405) 521~62B6(4 05 ) 5 22 -5 99 0 F ax

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Charles J. RobertsonFrom:Sent:

Char le s J. Robe r t sonFriday, August 14, 20099:26 AM

To: M ike K au fm annSubject: RE: 2008 Forms 526 & 527Attachments: Forms 5272006 2.pdf; Forms 526 2006 1.pdf ; Forms 526 20062. pdf ; Forms 527 2006 t.pdf

Cha rlie R ob erts on , C P AO kla homa T ax C omm is s io nPO Box 269054Oklahoma C ity , 0 1< 73126~9054(405) 521-6286(405) 522-5990 FaxFrom: Mike KaufmannSent: Thursday , August 13, 20093:38 PMTo: Cha rle s J. RobertsonSubject: RE: 2008 F orm s 526 & 527Charlie" J think in c:leallingup~pl:l9~.(myc

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Charles J. RobertsonFrom:Sent:

CharlesJ.RobertsonThursday, July 30, 2009 1:18 PM

To: Doug EllisSubject: 2007 Cap Co FormsAttachments: Forms 5272007 2.pdf; Forms 526 2007 i.pdf; Forms 5262007 2.pdf; Forms 527 2007 t.pdf

Charlie Robertson, CPAOklahoma Tax CommissionPO Box 269054Oklahoma City, OK 73126~9054(405) 5216286(405) 522-5990 Fax

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Charles J. RobertsonFrom:Sent:To:Subject:

Charles J. RobertsonThursday, July 30, 20091:19 PMDou g E llis2008 Cap Co Forms

Attachments: Forms 527 2008.pdf; Forms 526 2008.pdf

Char l ie Robertson, CPAOklahoma Tax CommissionPO B ox 2 6905 4Ok lahoma City, OK 73126~9054(405) 521~6286(405) 522~5990 Fax

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C h a r l e s J . R o b e r t s o nFrom: Charles J. RobertsonSent: Thursday, July 30, 20091:18 PMTo: DougEllisSubject: 2006 Cap Co FormsAttachments: Forms 5272006 2.pdf; Forms 526 2006 t.pdl; Forms 526 2006 2.pdf; Forms 527 2006 1.pdf

Charlie Robertson, CPAOklahoma Tax CommissionPO Box 269054Oklahoma City, OK 73126-9054(405) 521 -6286(405) 522-5990 Fax

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Charles J. RobertsonFrom: Char le s J. Robe r t sonSent: Thurs da y. July 30,20091:17 P MTo: M ik e K a ufm a nnSubject: 2008 Form s 626 & 527Attachments: F orm s 52 7 20 08. pdf; F orm s 526 2 00B .p df

A tta c h e d ...C ha rlie R ob erts on . C P AO kla homa T ax C omm is s io nP O Box 269054Ok lahoma City, OK 73126~9054(405) 521-6286(4 05 ) 5 22 ~5 99 0 F a x

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PaCharfes J. RobertsonFrom: Charles J. RobertsonSent: Wednesday, May 20, 2009 10:58 AMTo:Subject: RE: InvestmenUJobs Credit

Not that I am aware of. There are specific statutes that allow it for the capco credits, but I don't see anything that allowsinv/jobs credit. There are a couple things we may need to consider, check with me after you work through any other issuCharlie Robertson, CPAOklahoma Tax CommissionPO Box 269054. Oklahoma City, OK 73126-9054( 40 5) 5 21 -6 286(405) 522~5990 FaxFrom:Sent: We dne sda y, M ay 20, 20098:29 AMTo: Charles J. RobertsonSubject: Investment/Jobs CreditQuick question as I research statutes & rules ...

Can Inves tmenVNew Jobs Credit be dlst r lbuteo on the K-1 in a rauo other than ownership similar to Capital Credits?Andrew Merrittandrew. me r r j tt@ tm: (.pK,g ( )1 IA ud ito r, C orp ora te T axO kla hom a T ax C omm is s io no f fi ce : 405 .522 .4764fax: 405.522.3283

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Charles J. RobertsonFrom: Charles J. RobertsonSent: Monday, March 16,200911:54 AMTo: Jorie WelchSubject: Capital companies

Jorie,Here are the page counts we discussed.2006 518 - 11526 - 19527 - 212007 518 - We don't have any for 2007, but do have 2008526 - 14527 " 16

Charlie Robertson, CPAOklahoma Tax CommissionPO Box 269054Oklahoma City, OK 73126~9054(405)521-6286(405) 522~5990 Fax

02/24/10

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PCharles J. RobertsonFrom: Charles J Robertson [cjrobertson@tax.ok.gov]Sent: Wednesday, February 04,2009 11:37 AMTo: 'Mike Kaufmann'Subject: FW; Attached ImageAttachments; 0573_OO1.pdf

Here is the information J mentioned on the phone.Charlie Robertson, CPAOklahoma Tax CommissionPO Box 269054Oklahoma City, OK 73126-9054(405) 521~6286(405) 522-5990 FaxFrom: canonOl@oktax.state.ok.us [mallto:canonOl@oktax.state.ok.us]Sent: Wedn es da y, Fe brua ry 04,2009 11:25AMTo: Charlie RobertsonSubject: Attached Image

02/24/]0

mailto:canonOl@oktax.state.ok.usmailto:canonOl@oktax.state.ok.us

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CharlesJ.Robertson, . < , .. , ~ '- . - -' " ' - - - -- . , - , . . . , . . , . ~ ~ - . - I- ~ . _~ ~r_ -.._, ~. _""n~' __ ~ __ ..-... .--...~~._ _~' __ __._~ __ _.From: Charles J Robertson Icjrobertson@tax,ok,govJSent; Wednesday, December 03,20083:13 PMTo: 'Donna York'Subject: RE: 527 & 527

yesCharlie Robertson, CPAOklahoma Tax CommissionPO Box 269054Oklahoma City, OK 73126-9054(405) 521-6286(405) 522-5990 FaxFrom : D onna York [mailto:dyork@tax.ok,gov]Sent: Wednesday, December 03,20082:46 PMTo: Charles J, RobertsonSubject: 527 & 527Charlie,00 you have a Form 526 or Form 527 for aThanks

Donn a Y orkOklahoma Tax CommissionCorporate Field Auditor405-522-1380

The inr nrma ti cl Il t ru nsuuucd i n chis em. ti l a nd a llY Q l Iu chmcnl s i s Inlenul. ld o nl y I I! rt h~ p er so na l A nd confid~lllia lll~'C o f the intend ed rec ip ien ts . T his m es sag e m ay Ill; o r m ay c onIl!Idw ilfidcniial COnlllILli l iclll io ns , If you (IS (he Wilder a re nut the in!cnct~d r~cipicnt , you a rc ,horoby n o t f f i e d Ih al y ou h nv e re cei ve d th is c ommuni ca tio n in e rr or n nd f l l l l t IlIIY retlI~C, dis scmiuat ion , d i~ t ri !)Utiml or cnpYlr lgofchis conmHlll icu !ion or tho i n fo l' l1ml io l1 c( fn lu i l l~d i~Rlriclly I ll'ohi[) i1ed.lfyol1 have rece ived ( hi s commun icat ion i n c rmr, I ll cu~e 11i !l 1mcdiut~l y und dcl ct e (he o ri gi tm l mc, ~$ngc f rom you r sy st em .