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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.
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