Mahendra K. Tandon - Page 6

                                        - 6 -                                         

          State University from the AT #3 account.  Petitioner paid his               
          alimony and child support obligations from the AT #3 account and            
          the First Federal Savings account.  Petitioner used the                     
          Independent Savings Bank account to pay his personal expenses.              
          Rental Property and Income                                                  
               In addition to the space in the St. Clair property where               
          petitioner conducted his medical practice, the St. Clair property           
          had two residences and garages available to rent (the rental                
          property).  During the years in issue, petitioner rented parts of           
          the rental property to Robert McMillan, Jeanine Sinclair, James             
          L. (Leon) and Sharyn Hamm, Ellis Vest, and his secretary Ms.                
          Alshabani (the renters).  The renters paid the following rental             
          payments to petitioner:                                                     
          Renter                    1985      1986      1987      1988                
          Martin McMillan          $750      $1,050    $1,350    $1,350               
          Jeanine Sinclair         300       300       300       200                  
          Leon Hamm                313       1,920     1,710     225                  
          Ellis Vest    25   ---   ---   ---                                          
          Total                    1,388      3,270     3,360     1,775               
          The Audit and Criminal Investigation                                        
               Prior to September of 1988, the Internal Revenue Service               
          (IRS) began examining petitioner's 1984, 1985, and 1986 tax                 
          returns.  In October or November of 1988, Revenue Agent Maureen             
          Lippert (Ms. Lippert) took over petitioner's examination.  On               
          March 1, 1989, Ms. Lippert informed petitioner's attorney that              
          she had expanded the examination to include petitioner's 1987 tax           




Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011