Albert J. and Helen R. Desantis - Page 58

                                       - 58 -                                         

          fully disclose all of the facts to his return preparer, Meeks.              
          In addition, petitioner did not make adequate disclosures on his            
          returns.  Accordingly, respondent's determination is sustained.             
               To reflect the foregoing,                                              
          An appropriate order will                                                   
          be issued and decisions will be                                             
          entered under Rule 155.13                                                   
























          13 The $180,000 petitioner reported as "other consulting                    
          fees" on his 1984 return should be subtracted from the total                
          amount of income we have determined that petitioner failed to               
          report from the partnerships and Newtowne.                                  

Page:  Previous  39  40  41  42  43  44  45  46  47  48  49  50  51  52  53  54  55  56  57  58