- 20 -
with information relating to the income that she received during
1983 through 1990 (e.g., Forms W-2 and 1099) and the expenses
that she paid during those years (e.g., canceled checks for
charitable contributions). Ms. Gordon relied on B&S and Mr.
Gordon for the preparation of the 1983 through 1989 returns.
Although Ms. Gordon had the opportunity to review those returns,
she did not. Except for discussions with Mr. Gordon about
certain important items reported in the Gordons' 1986 through
1989 returns, such as the gain from the sale of the Roslyn
residence, Ms. Gordon did not discuss those returns with Mr.
Gordon or B&S. Because she was not available at the time the
1986, 1987, and 1989 returns and the 1986 amended return were
filed, Ms. Gordon did not sign them; instead, Mr. Gordon signed
Ms. Gordon's name to those returns.
The Gordons’ 1983 through 1990 returns listed the respective
occupations of Mr. Gordon and Ms. Gordon as securities trader and
teacher. The Gordons reported the results of Mr. Gordon’s
activities as a securities trader in Schedules C of their returns
for 1983 through 1986, 1989, and 1990, regardless whether those
results related to his activities as a securities trader for his
own account or to his activities as a securities trader for the
accounts of the firms that employed and paid him W-2 wages. In
their 1987 and 1988 returns, the Gordons reported the results of
Mr. Gordon's activities as a securities trader for the accounts
of the firms that employed and paid him W-2 wages as “Wages,
Page: Previous 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 NextLast modified: May 25, 2011