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boys. Resyn wrote checks to Camp Deal for Boys for $500 in 1967
and $100 in 1968.
Resyn paid Weiss and the Tax Collector, Sarasota, Florida,
for petitioners' purchase of Welev's land and Welev stock from
1963 to 1970.
Petitioner had Resyn pay some of his expenses for dry
cleaning, medications from his pharmacy, and individual income
taxes in 1967, 1968, and 1969. Resyn paid petitioners' personal
expenses of about $261,789 in 1967, $431,592 in 1968, and
$341,725 in 1969, for a total of $1,035,106 during those years.
4. Resyn's Bookkeeping and Tax Returns
Resyn maintained double entry books and records. Ann Hall
(Hall) was Resyn's first bookkeeper. Hall usually prepared the
deposit tickets. As Resyn grew, Resyn hired Vera Philbin
(Philbin) and others to help Hall. Philbin entered payables
in Resyn's purchases journal and made journal entries in the
general ledger. Goldstein & Co. prepared the journals she used.
Petitioner was not involved in Resyn's bookkeeping.
Resyn filed income tax returns for 1963 to 1970. Levenson
was Resyn's accountant and return preparer and an employee of
Resyn from Resyn's inception to 1965 or 1966. Goldstein & Co.
also performed accounting services for Resyn. Until 1965,
Goldstein & Co. compiled information for the Resyn tax return and
gave it to Levenson to prepare the return. Goldstein approved
those returns for Goldstein & Co.
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