- 4 - account). Mr. Jones deposited his Brown & Root paychecks into the household account. Petitioner wrote all but 2 of 340 checks drawn on the household account in 1981, paying the monthly and regular household bills, as well as bills totaling $10,000 for improvements to their home. After the Joneses returned from England during 1977, petitioner also handled the family savings account, transferring between the checking account and the savings account the following amounts on the following dates: $2,500 on April 25, 1981, $1,500 on May 13, 1981, and $1,500 on June 8, 1981. Petitioner opened most of the mail that came to their house, except for Mr. Jones' important, personal mail. As a result of opening the mail, petitioner discovered things that caused her to question Mr. Jones about his financial affairs. Two or three years after returning from England, petitioner started a small dress shop in Sealy, Texas. She opened the dress shop without any prior experience in either retail sales or keeping books. After she opened the dress shop, petitioner hired others to perform bookkeeping and accounting services because she had no interest or expertise in bookkeeping or accounting and she knew how important it was to keep receipts and other records for that purpose. Emma Rice, petitioner's daughter-in-law, did most of the bookkeeping in the early years of the business, but petitioner subsequently hired an accountant named Jack SingletonPage: 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