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6. Summary of Petitioners' Use of Cash or Cashier's Checks
in 1983
Petitioners used cash or cashier's checks to make the
following payments in 1983:
Date Amount Description
Jan. 28 $45,002 Purchase of Pace Arrow
Feb. 24 2,780 Purchase of 1983 Bellew Trailer
Mar. 29 20,362 Payments to IRS & property taxes
Apr. 1 100,000 Downpayment for Glenstone property
May 25 10,000 Downpayment for Valley Road property
May 26 134,000 Second payment for Glenstone property
June 16 7,500 Payment to IRS
Sept. 16 7,500 Payment to IRS
Oct. 31 70,000 Final payment for Valley Road property
Total $397,144
7. 1983 to 1987
Petitioners reported income from their saunas of $43,501,
$37,269, $95,595, $22,625, and $1,169 and deducted wages of
$60,300, $64,140, $82,623, $74,530, and $66,515, on the Schedules
C they filed with their tax returns for 1983 to 1987,
respectively. Petitioners did not pay wages.
Petitioners did not receive gifts or inheritances of
substantial value from 1983 to 1987.
In January 1985, petitioner-wife reported to the Tacoma
police that $90,000 in cash had been stolen from their home.
Petitioners did not deduct a theft loss on their 1985 tax return.
Petitioners had bank accounts which paid $30,807 in interest
from 1983 to 1987 ($12,831 in 1983, $8,330 in 1984, $5,717 in
1985, $1,852 in 1986, and $2,077 in 1987). Petitioners also had
IRA accounts during the years in issue.
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