Benjamin and Sallie Campfield - Page 9

                                        - 9 -                                         
                                        1985                                          
               Casino chips                           $13,100.00                      
               Tractor trailer                          2,000.00                      
               Automobile repairs                         969.21                      
               Automobile insurance                       859.00                      
               Route 21 property                       45,000.00                      
          61,928.21                                                                   


                                        1986                                          
               Casino chips                           $10,700.00                      
               Automobile repairs                      11,149.32                      
               Chevy pickup (deposit)                     500.00                      
               1981 BMW (deposit)                         500.00                      
          22,849.32                                                                   
               Petitioner paid $493.98 toward an auto body repair bill                
          using third-party checks.  He also cashed third-party checks at a           
          grocery store in Bridgeport, Connecticut.                                   
          Gambling Activities                                                         
               Petitioner gambled at Tropworld in Atlantic City, New                  
          Jersey, in 1985 and 1986.  Petitioner purchased casino chips on             
          May 19, 1985, in the amount of $13,100 and on November 29, 1986,            
          in the amount of $10,700.  Tropworld filed a Currency Transaction           
          Report by Casinos, Form 8362 (CTR), with the IRS for each of                
          these purchases.                                                            
               Tropworld maintained a List Accounts Detail Ratings (List              
          Account) which showed that petitioner purchased casino chips on             








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