- 5 - Mr. Womack never kept his own books. Petitioner kept the records and the checkbook for the repair business and the property services business up until the time of the Womacks' first separation. She took the books and records to an accountant to do the actual bookkeeping and to prepare the tax returns. After Mr. Womack's hospitalization in December of 1988, his business declined precipitously to practically nothing. When Mr. Womack was released from the mental hospital, he found that petitioner had closed his business and personal bank account, that much of his business supplies and equipment had disappeared, and that his truck had been retitled in the name of petitioner's boyfriend. During the spring of 1989, Mr. Womack began reestablishing the property services business. At that time, Ms. Stroup began keeping the checkbook and the books and records for the property services business. However, Ms. Stroup did not prepare the tax returns; the accountant continued to prepare the returns. Mr. Womack would turn over his invoices and any receipts and other tax documents he had to Ms. Stroup. Mr. Womack was not consistent in keeping receipts for the supplies he purchased while working. During 1989 and 1990, petitioner was aware that Mr. Womack was operating the property services business. Mr. Womack kept her informed of his whereabouts, and she knew some of his clients. Petitioner occasionally would go to his office on thePage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011