- 5 - The Crabtree Dealerships had a busy year in 1987. Banks competed to obtain the Crabtree Dealerships' financing business in 1987. Petitioner maintained close relationships with representatives of banks and other financial institutions, such as insurance companies and leasing companies, in order to be sure that, once a deal was made between the customer and the dealership, the financing would be approved by a bank or other financial institution. Crabtree sold the Crabtree Dealerships around mid-1989, and Crabtree no longer had access to the Crabtree Dealerships’ books and records. During 1987, petitioner resided in Syosset, New York, which is located in northeastern Nassau County, on Long Island. The Crabtree Dealerships are about 34 miles from petitioner’s residence. Driving between Syosset and New Rochelle ordinarily requires one to pass through Queens and Bronx Counties, and to cross the East River by one of three toll bridges. Employee Business Expenses Business Meals Petitioner recorded in a diary the amounts he claims he spent each day for business meals. Each entry in petitioner’s diary for meals lists the name of the restaurant, the names of the people present, the type of meal (breakfast, lunch, or dinner), and the cost of the meal. Petitioner’s diary does not show the business purpose of any of these meals and does not showPage: 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