- 11 - narcotics, and car sales and repairs, and that petitioner received unreported income from these activities. Specifically, petitioner is deemed to have admitted under Rule 90(c) that: 6. During the taxable years 1987, 1988, and 1989, [petitioner was] engaged in the following cash activities: a. professional cardplayer; b. gambling; c. sale of illegal narcotics; and d. repair and sales of used automobiles. * * * * * * * 23. The total unreported gross income of [petitioner and his spouse] for the taxable year 1987 is $126,845.94. 24. [Petitioner's] share of the total unreported gross income for 1987, under the community property laws of Texas, is $63,422.97. 25. The total unreported gross income for [petitioner and his spouse] for the taxable year 1988 is $108,438.07. 26. [Petitioner's] share of the total unreported gross income for 1988, under community property laws of Texas, is $54,219.04. 27. The total unreported taxable income for [petitioner and his spouse] for the taxable year 1989 is $47,968.80. 28. [Petitioner's] share of the total unreported gross income [for 1989], under the community property laws of Texas, is $23,984.40. * * * * * * * 32. [Petitioner's] correct tax liability, including self-employment tax, for the taxable years 1987, 1988, and 1989, is $23,320.00, $18,554.00, and $9,658.00, respectively.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Next
Last modified: May 25, 2011