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ers used one or more of their various bank accounts (accounts),
inter alia, in order to pay their personal expenses, to pay
expenses incurred in connection with the operations of peti-
tioner's sole proprietorship, and to make payments to, or on
behalf of, K & H. During those years, petitioners deposited into
one or more of their accounts funds from various sources, includ-
ing funds obtained by petitioner in connection with the opera-
tions of his sole proprietorship, funds obtained by petitioner
through draw requests for proceeds of construction loans that had
been made to K & H and to Ms. Velilla, respectively, funds
obtained by petitioner from Mr. Kabeiseman, and funds obtained by
petitioners from certain other identified sources and certain
unidentified sources.
Deposits of K & H's Construction Loan
Proceeds, Checking Account Funds, and
Credit Line Funds and Ms. Velilla's
Construction Loan Proceeds and
Checking Account Funds
During 1989, petitioner deposited the following funds into
petitioners’ account at the Hillsboro branch of Washington
Federal: (1) $498,972.70 from the K & H construction loan
accounts at the Portland branch of Washington Federal,
(2) $35,000 from the K & H credit line at Washington Federal, and
(3) $10,351.27 from the K & H checking account. During that
year, petitioner also deposited $27,394 from Ms. Velilla's
construction loan account at the Portland branch of Washington
Federal into petitioners' account at its Hillsboro branch.
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Last modified: May 25, 2011