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JKY's suppliers on occasion in hopes of getting better prices and
better payment plans. JKY purchased over $1 million in inventory
in each of the years in issue. Yoon frequently traveled to Los
Angeles to purchase merchandise. Yoon also traveled to Las
Vegas, Nevada, two or three times each year to attend trade shows
and to purchase merchandise. Yoon has no relatives in Los
Angeles or Las Vegas.
Petitioners maintained several personal and business
accounts in at least two banks during the years in issue.
Petitioners' children also maintained bank accounts during the
years in issue.
During the years in issue, petitioners acquired the
following properties:
Purchase
Date Address Price
03/16/89 515 South Stanton $447,000
04/18/89 519 South Stanton $450,000
05/02/89 413 8th Street $300,000
04/30/91 932 Cherry Hill $320,000
Petitioners incurred the following indebtedness for the
purchase of real property during the years in issue:
Date Amount Lender Reason
1989 $ 80,000 Jae Gilpin Purchase of 519 South Stanton
1989 $350,000 Teresa Baca Purchase of 515 South Stanton
1989 $300,000 Julia SamaniegoPurchase of 519 South Stanton
1989 $270,000 Roberto Okubo Purchase of 413 E. 8th
1989 $ 60,000 Su Chon Han 1
1990 $ 30,000 Doo Sung Purchase of 932 Cherry Hill
1991 $ 3,000 Doo Sung Purchase of 932 Cherry Hill
1The record is not clear as to the purpose of this loan.
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