- 10 - American Valmar’s Federal Income Tax Returns Simon Bolonik (Bolonik) became American Valmar’s accountant in January 1991. Bolonik established the books and records of American Valmar. Based on his conversations with Markovski, he determined the accounting and Federal income tax treatment of American Valmar’s receipts and disbursements. Based on what Markovski told him, he determined the Federal income tax treatment of amounts received by wire transfer by Markovski. Bolonik prepared American Valmar’s and Markovski’s Federal income tax returns. Certificates of assessments and payments maintained by the Internal Revenue Service for American Valmar reflect that the income tax returns of the corporation for the fiscal years at issue were filed as follows: Taxpayer Period Date Filed American Valmar 6/30/91 2/16/93 American Valmar 6/30/92 7/6/94 American Valmar 6/30/93 12/19/94 The income tax returns filed by American Valmar for the fiscal years at issue bear date received stamps on their face as follows: Taxpayer Period Date Received Stamp American Valmar 6/30/91 2/16/93 American Valmar 6/30/92 None American Valmar 6/30/93 12/19/94Page: 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