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made and there is no change in respondent's computation of
taxable income for 1983 and 1985.
Omitted Bank Balances
Petitioners assert that respondent's net worth
statement is wrong because it does not take into account
the balances that petitioners maintained at five banks with
respect to which they reported interest income on their
Federal income tax returns for 1976 through 1981. The five
banks are Atlantic Savings, Commonwealth Bank, Marblehead
Savings, Metropolitan Credit Union, and National Grand
Bank. Petitioners assert that "the median rate of interest
paid by banks in the years of the net worth investigation
was 5%" and that "a reasonable way to ascertain a balance
in a given account is to multiply the interest figure by
20% (sic)." Based upon this approach, it appears that
petitioners are complaining that respondent omitted the
following account balances from the net worth statement
in these cases:
1976 1977 1978 1979 1980 1981 1982 1983 1984 1985
Atlantic Sav. $17,940 $6,260 $3,100 $13,660 $600 $320 -- -- -- --
Metro. Credit Union -- 1,420 13,220 -- -- -- -- -- -- --
Metro. Credit Union -- 1,420 -- -- -- -- -- -- -- --
Metro. Credit Union -- 1,420 -- -- -- -- -- -- -- --
Commonwealth Bank 1,200 3,020 10,380 -- 12,460 -- -- -- -- --
Commonwealth Bank 2,820 3,020 -- -- -- -- -- -- -- --
Commonwealth Bank 3,180 3,480 -- -- -- -- -- -- -- --
Commonwealth Bank 2,820 -- -- -- -- -- -- -- -- --
Natl. Grand Bank 9,040 4,500 -- -- -- -- -- -- -- --
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