Khosrow Ghadiri and Turan Mirhady Ghadiri - Page 4

                                        - 4 -                                         
               Some of the facts have been stipulated and are so found.               
          The stipulations and the exhibits attached thereto are                      
          incorporated herein by this reference.  Petitioners resided in              
          San Jose, California, when they filed their petition.                       
               During petitioners' 1986, 1987, and 1988 taxable years, they           
          owned and operated print shops known as "Maple Press" and "Acacia           
          Press".  During petitioners' 1988 taxable year, they also owned             
          and operated a print shop known as "Print Technology".                      
          Petitioners did not keep books or records for any of these print            
          shops.  During 1986 and 1987, petitioners' only sources of income           
          were Maple Press, Acacia Press, and Mr. Ghadiri's teaching                  
          position, which paid him less than $5,000 per year.  During 1988,           
          petitioners' only sources of income were Maple Press, Acacia                
          Press, Print Technology, and Mr. Ghadiri's teaching position,               
          which paid him less than $5,000.                                            
               Petitioners reported Mr. Ghadiri's teaching income on their            
          tax returns for the respective years.  Petitioners hired Peter A.           
          Balbiani, a certified public accountant, to file their Federal              
          income tax returns for 1986, 1987, and 1988.  For 1986, 1987, and           
          1988, the record contains no copies of deposit slips for the bank           
          accounts into which the gross receipts of petitioners' print                
          shops were deposited.                                                       
               During 1986, petitioners made the following deposits and               
          reported on their tax return the following gross receipts from              
          Maple Press and Acacia Press:                                               




Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  Next

Last modified: May 25, 2011