- NEXTRECORD - Petitioner Cynthia L. Chandler (Mrs. Chandler) is a college graduate and a registered nurse by profession. In 1989 and for part of 1990, she worked part time as a bookkeeper for Mike's Video in Anniston, Alabama, and received nonemployee compensation in return for her services. Mrs. Chandler terminated her business relationship with Mike's Video in 1990. Petitioners reported income on their 1989 and 1990 income tax returns as follows: 1989 1990 Wages (petitioner) $20,907 $245 Interest 749 395 Schedule C (petitioner) (1) bulldozer work/digging net profit 6,267 (2) sale of wood products net profit 2,910 (3) sale of melons net profit 1,500 Unemployment compensation 145 --- Bookkeeping income (Mrs. Chandler) 1,800 900 23,601 12,217 During 1989, petitioners maintained at least three accounts with Family Savings Federal Credit Union. During 1990, they maintained at least four such accounts. These accounts included share draft accounts. Only Mrs. Chandler wrote checks on the share draft accounts. Mrs. Chandler did not retain petitioners' bank statements and the carbon copies of their checks; rather, she discarded them after the checks had cleared their accounts.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