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Type of
Bank Account Name of Account Account Number
Kennebunk Checking White Star Design, 66-910252
Inc.
Kennebunk Checking White Star Design, 66-110152
Inc., Exhibit Design
and Fabrication
(We shall refer to (1) Kennebunk checking account number 66-
910252 as the first Kennebunk White Star checking account and
(2) Kennebunk checking account number 66-110152 as the second
Kennebunk White Star checking account.)
Petitioners deposited Design Consultants' and/or White
Star's receipts into the Indian Head business checking account,
the Indian Head business savings account, and various other bank
accounts that they maintained.7 Petitioners made the following
7 The parties stipulated that they deposited all "business
checks" and receipts from "business clients" into either the
Indian Head business checking account or the Indian Head business
savings account. We construe the references in those stipula-
tions to "business checks" and to receipts from "business cli-
ents" to mean receipts of Design Consultants and/or White Star
other than commissions that they received from businesses that
provided the auxiliary services. As we construe those stipula-
tions, they are contrary to the record in this case. Even if our
construction of those stipulations were incorrect in that the
references therein refer to all receipts of Design Consultants
and/or White Star, including commissions that they received,
those stipulations nonetheless would be contrary to the record in
this case. That record shows, and we have found, that petition-
ers deposited both Design Consultants' and/or White Star's
receipts from their clients and commission receipts into bank
accounts in addition to the Indian Head business checking account
and the Indian Head business savings account. To illustrate,
petitioners deposited two checks from Numismatic Professionals,
Inc., into the Kennebunk personal savings account. By way of
(continued...)
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Last modified: May 25, 2011