-21-
During 1990 and 1991, petitioner purchased the following
cashier's checks with funds from California Federal account
number 6130:
Date Payee Amount
12/31/90 Coastline Imports $ 8,500
01/03/91 Coastline Imports 5,340
02/20/91 Ranko Balog Co. 3,600
07/17/91 Sharp Auto Sales 17,000
These checks were used to pay expenses of the resale vehicle
business.
Petitioners did not pay any of the claimed $62,808 of
expenses for the vehicle resale business with their own funds.
Vladimir Chorny
During 1990, petitioners received the following amounts from
Vladimir Chorny (Chorny):
Date Amount Purpose
01/27/90 $ 5,000 Real estate services
02/19/90 1,800 Real estate services
02/26/90 60 [Unclear from the record.]
02/26/90 2,435 Real estate services
04/07/90 1,050 Possibly real estate services
04/12/90 15,412 Engineering consulting
Petitioners reported $5,285 of the above amounts on their 1990
Schedule C as income from real estate consulting.
During 1991, petitioners received the following amounts from
Chorny:
Date Amount
07/29/91 $ 250
09/02/91 9,000
Page: Previous 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 NextLast modified: May 25, 2011