- 12 -- 12 - deposits totaling $41,583.71 that are at issue for 1990, includ- ing a deposit of $1,630.11 on May 2, 1990, into petitioners' account at the Hillsboro branch of Washington Federal. The $1,630.11 so deposited was obtained by petitioners from the sale of a 1988 Chevrolet pickup truck. The record does not disclose and/or explain the nature or sources of the remaining miscella- neous deposits. Deposits of Funds that Mr. Kabeiseman Transferred to Petitioner On January 18, 1989, and on February 7, 1989, Mr. Kabeiseman transferred to petitioner $25,000 and $4,000, respectively, that petitioner deposited into petitioners' account at the Hillsboro branch of Washington Federal and that Mr. Kabeiseman expected petitioner to repay within approximately one year after the date on which each such transfer was made. (Hereinafter, we shall refer to the $29,000 that Mr. Kabeiseman transferred to peti- tioner in January and February 1989 as the Kabeiseman loans or the Kabeiseman loan proceeds.) During 1990, petitioner paid the following amounts totaling $9,689.80 to Mr. Kabeiseman in repayment of the Kabeiseman loans: Jan. 1990 $318.45 Feb. 1990 734.45 Mar. 1990 318.45 Apr. 1990 318.45 Apr. 1990 4,000.00 July 1990 4,000.00 As of the time of the trial herein, petitioner had not repaid the entire balance of the Kabeiseman loans.Page: Previous 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Next
Last modified: May 25, 2011