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Table 13
Barnett Joint Checking--1987
Deposit/ Check/
Month Credit Debit Adjustment Explanation
January $11,290.50 $8,929.50 - 0 -
February 4,245.40 5,403.47 - 0 -
March 2,131.92 3,966.59 - 0 -
April 4,342.50 3,109.65 - 0 -
May 1,047.50 4,067.93 - 0 -
June 10,745.44 4,045.92 - 0 -
July 8,154.44 9,450.52 - 0 -
August - 0 - 2,817.45 - 0 -
September - 0 - 945.85 - 0 -
October 3,439.00 4,515.70 - 0 -
November 4,269.70 3,363.18 - 0 -
December 154,928.94 155,151.45 $150,000.00 1. This is the $150,000 loan from petitioner's sister-
in-law conceded by respondent. The monthly statement
reports a $150,000 check written on the same day as a
$150,000 deposit.
Total 204,595.34 205,767.21 150,000.00 2. This is exactly $10,000 more than respondent
for year reported in Schedule C income in the notice of
deficiency for tax years 1986 and 1987 as coming from
this account.
Adjustments 150,000.00 150,000.00
Net total 54,595.34 55,767.21
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