- 17 - affidavit. In that affidavit, petitioner declared that he received cash payments totaling $399,435.50 from Mr. Hall. The affidavit does not mention any payments made "through" Mr. Hall to some unknown third parties, as petitioner now contends. Furthermore, the record contains no documentation or other corroborating evidence regarding these alleged expenses. Moreover, petitioner does not explain how these expenses related to the income he received from Mr. Hall. Petitioner testified that the work he performed for Mr. Hall included the estimation and preparation of bids.8 We find it implausible that the nature of this work would require petitioner to share expenses with Mr. Hall or to make capital expenditures for vehicles and equipment. Petitioner contends that he "felt uncomfortable" estimating his income on his Federal income tax returns because, in his view, "falsely representing the amount of such income was worse than making no representation at all." However, in order to extend the time to file his Federal income tax returns, petitioner filed a Form 4868 in each of the years in issue in 8On direct examination regarding the nature of the payments he received from Mr. Hall, petitioner testified as follows: A. I did estimating type work, helping him prepare his things. Q. Helping him prepare what things? A. His bids and prices of what he needed to do.Page: Previous 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Next
Last modified: May 25, 2011