- 4 -
Individual Income Tax Return, on October 1988, using the status
of “Married filing joint return”. They filed a 1987 Form 1040 on
April 15, 1988, using the status of “Married filing joint
return”. They filed a 1988 Form 1040, on October 17, 1990, using
the status of “Married filing joint return”. They did not
receive an extension of time to file any of these returns.
During 1986, Mr. Sparrow owned at least 1.5 million shares
of NRG Intl., Inc. (NRG), and Mrs. Sparrow owned at least 150,000
shares of NRG.
During 1986, petitioners sold to the husband of Dorothy S.
Hall, 10,000 shares of NRG for $2,000. Mr. Sparrow received a
$2,000 check from Mrs. Hall, dated February 22, 1986, which was
payable to “Bob Sparrow”. Petitioners did not include this
$2,000 in their 1986 gross income.
On July 10, 1986, Mr. Sparrow sold to Norman C. Hall, 10,000
shares of NRG for $500. Petitioners received a $500 check from
Mr. Hall, dated July 10, 1986, which was made payable to “Bob
Sparrow”. The $500 was gain from the sale of stock. Petitioners
did not include this $500 in their 1986 gross income.
During 1986, Mr. Sparrow sold to Stanley L. Evans some
shares of NRG for $11,800. Mr. Sparrow received a $11,800 check
from Mr. Evans, dated July 21, 1986, which was payable to “Bob
Sparrow”. Petitioners did not include this $11,800 in their 1986
gross income.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Next
Last modified: May 25, 2011