- 20 -
that was shown in the respective Forms 1120S that Accu-Data and
Meadows, S corporations, filed for those years.20 In Schedule E
of the joint return for each of the years 1988 and 1989, they
reported aggregate income from Accu-Data and Meadows of $24,929
and $18,987, respectively.
No income attributable to Accu-Data was reflected in the
joint return for 1987, and no income attributable to MCIC or
Trust 768 was reflected in the joint return for any of the years
at issue.
Mr. Morris received Forms W-2 (Wage and Tax Statement) from
John Kenny Company and Douglas Water Co. for each of the years at
issue that were attached to the joint returns for those years and
that showed the following:
20 Although petitioner and Mr. Morris included in Schedule E of
their joint return for 1989 only $19,112 of income from Meadows,
the Form 1120S filed by Meadows for that year reflected $29,112
of income.
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