Francis Z. Mischel - Page 5

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               Entry                        Amount                                    
               Wages, salaries, tips, etc.        $(207,485.41)                       
               Total income                        (207,485.41)                       
               Total adjustments to income               -0-                          
               Adjusted gross income              (207,485.41)                        
               Standard deduction                 5,250.00                            
               Exemptions (4 @ $2,300 ea.)            9,200.00                        
               Taxable income                            -0-                          
               Tax                                       -0-                          
               Total tax                                 -0-                          
               Payments:                                                              
               tax withheld          $303,114.25                                      
               estimated tax payment      602.50                                      
               earned income credit     1,384.00                                      
               Total payments                      $305,100.75                        
               Tax informant fee                     47,000.00                        
               Overpaid/refund                     $352,100.75                        


               At trial, the entry of $(207,485.41) was described as                  
          consisting of the following items:                                          
               Item                        Amount                                     
               Fraudulent IRS claim               $(188,000.00)                       
               Arizona tax based on fraud-                                            
               ulent IRS information              (38,739.56)                         
               Subtotal                           $(226,739.56)                       
               Wages (Sandia & Show Low)             19,253.00                        
               Total                              $(207,486.56)                       

          The "fraudulent IRS claim" apparently relates to what petitioner            
          regards as a fraudulent assessment(s) or claim made by respondent           
          against petitioner or Mr. Mischel for tax pertaining to a taxable           
          year(s) prior to the taxable year in issue.  The "Arizona tax               
          based on fraudulent IRS information" apparently relates to what             
          petitioner regards as a fraudulent assessment or claim made by              
          the Arizona Department of Revenue against petitioner or Mr.                 






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Last modified: May 25, 2011