-19- Business School Petitioner operated the business school as a sole proprietorship under the name Coastline Ltd. The business school was formed to send American instructors to Russia to train Russian business students in the areas of economics, international marketing, general management, and comparative international management. Petitioners reported all of the income and expenses of the business school on their Schedule C. Petitioner received a total of $34,544 from Kortava in 1990 for use in the business school. Petitioner, d/b/a Coastline, Inc., entered into a contract with Advanced Education Systems, Inc. (AESI contract). Petitioners paid at least $20,033 of expenses incurred under the AESI contract with funds from Dean Witter account number 37733, including the following: Date Payee Amount 03/15/91 Carrousel Tour Travel $ 830 04/11/91 AESI 4,000 04/23/91 Carrousel Tour Travel 7,391 06/02/91 AESI 4,000 08/28/91 AESI 1,000 08/29/91 Carrousel Tour Travel 1,104 09/13/91 AESI 240 09/91 VISA1 1,468 1Includes gasoline, meals, lodging, and entertainment. Petitioner and seven others traveled to Russia as part of the operation of the business school. At the end of the course in Russia, the top students were invited to visit the United States for additional studies.Page: Previous 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Next
Last modified: May 25, 2011