Earnest and Laura Tillman - Page 5

                                        - 5 -                                         
               Petitioners have a trucking business, Tillman Trucking                 
          (Trucking), that they operate as a sole-proprietorship.                     
          Petitioners’ 1990 Schedule C reports Trucking’s gross receipts as           
          $125,226.  Included in these receipts are $98,187 from Edward C.            
          Levy, $5,615 from Howard Belstra, and $21,424 from Crawford                 
          Materials Co. (Crawford).  Not included in these receipts is                
          another $22,197 that Trucking received from Crawford for sales to           
          it during 1990.  Petitioners’ 1991 Schedule C reports Trucking’s            
          gross receipts as $157,353.  All of these receipts are from                 
          Edward C. Levy.  Not included in these receipts is $43,475 that             
          Trucking received from Crawford for sales to it during 1991.                
               Trucking’s 1989 through 1991 expenses, as reported by                  
          petitioners on their Schedules C, are as follows:                           
                                          1989       1990        1991                 
               Car & truck expenses     $42,942      - 0 -     $12,500                
               Truck payment                 - 0 -  $31,710       - 0 -               
               Truck seats (2)                - 0 -      - 0 -         780            
               Trucks paint                   - 0 -    - 0 -       3,500              
               Trailer tarps                  - 0 -      - 0 -       1,350            
               Trailer payment                - 0 -      - 0 -   7,000                
               Depreciation                 11,871      5,940       - 0 -            
               Insurance                     15,955      9,600      10,800            
               Rent or lease                2,100      2,100       - 0 -             
               Vehicles, mach. equip          - 0 -      - 0 -       2,100            
               Repairs                      39,440     20,107      39,123            
               Truck wash                     - 0 -        850       2,296            
               Taxes & licenses         6,590      5,241       7,412                  
               Travel & tolls                 - 0 -      1,400       1,800            
               Utilities                     4,450     3,350       2,800              
               Fuel                         35,005    22,274      38,000             
               Tires                        4,700     4,500       4,057              
               Battery box                     - 0 -     - 0 -         570            
               Oil, fuel & air filter        945       500       1,175                
               Lube filter                   230       390       - 0 -                
               CB radio, oil, hoist, A’freeze   745      1,050       2,070            




Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  Next

Last modified: May 25, 2011