- 4 - Issue 1. Amount of Unreported Receipts From Cattle-Breeding Operation We first address the amount of petitioner's unreported gross receipts during the years 1990-93 from his cattle-breeding operation. Petitioner was employed by Stouffer Chemical until 1986 when he became disabled and began receiving disability and Social Security benefits. In 1989, he began to supplement his disability benefits by breeding and raising Belgian blue cattle. Belgian blue cattle are a unique breed: originally imported from Belgium, they have a high meat to bone ratio and are low in fat and cholesterol.2 (Belgian blue cattle are even lower in fat and cholesterol than skinless chicken breast.) Petitioner first became interested in Belgian blue cattle as a consequence of his being (in his words) "overweight" (360 pounds) and having suffered several heart attacks. He wished to raise healthy meat for his own personal consumption, as well as to promote the breed so that others similarly situated could enjoy low-fat beef. Petitioner purchased his first heifer from agents of Philip Stennett in 1989, and since that time petitioner has maintained about 10 cows on his 24-acre farm in Fairview, Tennessee. Mr. 2 Following World War II, the Belgian Government sought to produce cattle with a high ratio of meat to feed its people following their freedom from occupation.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Next
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