- 5 -
1988
Deposits to:
1. Bank of Guam $20,378
#107202861
2. Pacific Bank 7,500
#1250-401445
3. Wells Fargo Bank 36,982
#0295-235527
Add:
Cash withdrawn
at time of deposits 1,630
Gross Deposits: 66,490
Less:
Transfers (16,610)
Nontaxable items (5,786)
Taxable deposits: 44,094
Less:
Schedule C
gross income (33,673)
Additional income: 10,4245
The "cash withdrawn at time of deposits" line reflects notations
on deposit slips showing amounts of cash returned to petitioner
by the bank tellers after petitioner had made the deposits.
Respondent has conceded $8,900 of the $10,424 additional income
reflected in the 1988 bank deposit analysis. Accordingly, the
amount remaining in dispute for 1988 is $1,524.
5 Respondent's Notice of Deficiency uses this number, although there is
a $3 subtraction error.
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Last modified: May 25, 2011