Steven Carl Akerson - Page 3

                                                 - 3 -                                                   
            Costa Rica.  In 1984, while living in Costa Rica, petitioner                                 
            started a business, Heart Interface (Heart), to manufacture and                              
            sell electronic and solar powered equipment.  Shortly thereafter,                            
            Heart was incorporated in, and petitioner moved to, Washington                               
            State.                                                                                       
                  From 1984 through 1990, petitioner was president and part-                             
            owner of Heart.  In 1988, petitioner decided that he wished to                               
            end his involvement with Heart and move back to Costa Rica.                                  
            Thereafter, in 1988, petitioner signed a contract with Valley                                
            Forge Corp. to sell his interest in, and phase out his employment                            
            with, Heart.  The sale was completed in March 1990.  Heart                                   
            continued to employ petitioner until sometime in 1991.  For the                              
            years 1988 through 1991, petitioner earned $105,632, $104,325,                               
            $96,269, and $20,453, respectively, as an employee of Heart.                                 
            Playa de los Vivos                                                                           
                  Having determined that he would return to Costa Rica,                                  
            petitioner considered how he would earn a living there.  In 1988,                            
            petitioner purchased an approximately 29-hectare improved tract                              
            of bayfront real property in Puntarenas, Costa Rica.  Located on                             
            the property was a hotel with five rooms, a kitchen, a                                       
            restaurant, and a swimming pool.  In 1989, petitioner purchased                              
            approximately 10 additional, adjoining hectares.  Petitioner                                 
            named the 39 hectares "Playa de los Vivos" and, since 1988, has                              
            operated a resort on the property (the resort or Playa de los                                
            Vivos).  Petitioner kept computers and electronic equipment in                               




Page:  Previous  1  2  3  4  5  6  7  8  9  10  Next

Last modified: May 25, 2011