- 8 -
"RX-7/Chrysler Ins.", "RX-7 Oil change", "auto advertisement",
"Toyota Repair", "Car Insurance", "Auto Repair[s]", "Auto Tax/
Tune-up", "Auto (RX-7) Repair", and "Auto Supplies". One of Ms.
Ridgway's checks, dated January 26, 1990, was for $1,100, and the
following handwritten notation appeared on the check stub for
that check: "Business". None of the handwritten notations on
the check stubs for those checks indicated that it was a payment
for services rendered by Ms. Ridgway.
In Schedule C of petitioner's 1990 return (1990 Schedule C),
petitioner indicated that TFC Engineering's "Principal business"
was "Engineering Services" and that it was the first Schedule C
filed for TFC Engineering. The 1990 Schedule C showed a net loss
of $6,246, comprised of no gross income, $4,207 in claimed bad
debts, and $2,039 in claimed "Wages". The return that petitioner
filed for 1991 did not include a Schedule C for TFC Engineering.
Claimed Stock Sale Losses, Nonbusiness
Bad Debts, and Worthless Stock
Claimed Stock Sales Losses
From at least the last quarter of 1987 through April 27,
1989, petitioner as custodian for Matthew Roman under the Uniform
Gifts to Minors Act (UGMA) of New Mexico maintained an account
(Vanguard account) at Vanguard Discount Brokerage Services
(Vanguard). The Social Security number that Vanguard listed for
that account was 525-53-6344. Petitioner's Social Security
number is 123-32-4215. Vanguard sent a statement for the last
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011