- 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.
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