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the deposit. When Williams conveyed this information to
petitioner, petitioner said that it did not matter whether the
bank notified the IRS.
Campfield Farm
We will refer to the Route 3 property and the Route 21
property collectively as the Campfield farm. The Schedules F
attached to the petitioners' 1985 and 1986 Federal income tax
returns listed "Livestock Sales" as the principal product of the
Campfield farm. Petitioner also sold melons in 1985 and 1986,
but the record does not indicate whether the melons were grown on
the Campfield farm.
Several pieces of farm equipment were purchased for use on
the Campfield farm. Leroy Campfield purchased the following
equipment from a farm equipment dealer in Sylvania, Georgia:
Equipment Price Date of Purchase
A.C. Harrow $1,800 Jan. 10, 1985
Planter 1,400 Mar. 5, 1985
Combine 6,500 Aug. 5, 1985
The harrow, planter, and combine were each purchased from
the same farm equipment dealer, and the dealer prepared a
separate invoice for each purchase. Each of the three invoices
shows "Campfield Farm" as the purchaser. Leroy Campfield
purchased the harrow, planter, and combine on petitioner's
behalf.
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