- 22 - Number of Year Amount Deposits 1986 $63,008 51 1987 83,403 52+ 1988 53,550 35+ 1989 60,541 25 1990 62,650 57 Respondent also included the amounts of all rebate and coupon checks issued to the corporate petitioner that were not accounted for in the corporate petitioner's income. Respondent since has conceded amounts representing such rebate/coupon checks that were shown to have been deposited in the corporate petitioner's bank account. Other adjustments are reflected in the concessions listed below. Respondent has conceded (rounded to the nearest dollar) the following: Item 1986 1987 1988 1989 1990 Rebate/coupons $3,593 $6,369 $20,935 $7,597 $18,054 Annuity 13,067* IRA Distribution 14,337* Interest Income 239* Dividend Income 140* Tax on IRA 1,434 Dependency Exemption 1,080 1,900 1,950 *Respondent concedes those items because the Suttons had already conceded them during the audit, and those items should not have been included in the notice of deficiency. The Suttons have conceded that they failed to report on their individual income tax returns the following: Item 1986 1987 1989 Dividend Income $180 $120 ---Page: Previous 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Next
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