Nancy Silverman and Estate of Sheldon Silverman, Deceased, Nancy Silverman, Executrix - Page 12

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                Nancy filed tax returns as "married filing separately" from                  
          1983 through 1985.  She did this because (1) Sheldon told her                      
          that the Federal Government owed him a large refund, and he was                    
          not going to file tax returns until he received this refund, and                   
          (2) R & L Fashions issued a 1983 Form W-2 reporting wage income                    
          in Nancy's name.3  Nancy filed her 1983 and 1984 tax returns on                    
          or about November 15, 1985, and her 1985 tax return on July 14,                    
          1986.  On her 1983 tax return she reported $15,600 in wages,                       
          etc., income and $1,509 in interest income from the Joint                          
          Account.  On her 1984 and 1985 tax returns she reported $1,601                     
          and $2,046, respectively, in interest income from the Joint                        
          Account.  These are the only income items Nancy reported on her                    
          tax returns for 1983, 1984, and 1985.                                              
                Nancy was not involved in the preparation of her joint                       
          income tax returns during her marriage with Sheldon.  Sheldon had                  
          accountants prepare their joint tax returns, and then he brought                   
          the tax returns home for Nancy to sign.  The 1974 through 1980                     
          joint tax returns were prepared by the firm of Zelon, Septimus &                   
          Co.  Sheldon had been using this firm to prepare his tax returns                   
          at least since 1967.  The 1981 and 1982 tax returns were prepared                  
          by the firm of Spahr, Lacher, Berk & Naimer.  Nancy signed the                     

          3     When Nancy received the R & L Fashions Form W-2 for 1983,                    
          she questioned Sheldon about it.  Sheldon explained that another                   
          partner's wife had been put on the R & L Fashions payroll, and so                  
          Nancy was also put on the payroll to equalize the compensation of                  
          the partners.                                                                      




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