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Payment Bevway Individual Joint Merrill Lynch
Year Amount Corporation Account Account Account
1985 $110,000 $10,000 $62,767
1986 139,000 27,000 $ 11,000 48,000 $ 53,000
1987 230,000 230,000
1988 492,000 81,000 411,000
1989 66,000 66,000
1990 10,000 10,000
Totals $1,047,000 $37,000 $102,000 $110,767 $760,000
Respondent determined that petitioner and Mr. Goings had
unreported income in the following amounts and from the following
sources:
Source 1985 1986 1987 1988 1989 1990
Payments from
Bordelon $110,000 $112,000 $230,000 $492,000 $66,000 $10,000
Dividends from
Allied 24
Other Income
Bevway 15,000
Highland 50,250
Total $110,024 $162,250 $245,000 $492,000 $66,000 $10,000
Respondent mailed the notice of deficiency to petitioner on April
15, 1994.
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Last modified: May 25, 2011