- 5 - contributions, and he was required to file a report declaring those contributions. He made copies of each check for purposes of reporting the contributions on the report. He reported the total amount of his contributions. Petitioner's Medical Practice in 1987 and 1988 For 1987 and 1988, petitioner's income and expenses of his medical practice were reported on Schedule C, Profit or (Loss) From Business or Profession. He was the stated proprietor. During 1987 and 1988, and for several prior years, many of petitioner's patients were referred to him by personal injury attorneys. These patients had been involved in some type of accident and required medical attention. Petitioner would generally treat each patient and send the patient's bill directly to the patient's attorney. He received payments for these services from the patient's attorney, and the payments were taken from the settlement proceeds of, or recoveries from, the personal injury case. In 1987 petitioner received 990 checks from 63 attorneys, insurance companies, and governmental agencies, in the total amount of $577,285.94. He knew that each of these checks was income to him. In 1988 petitioner received 864 checks from 65 attorneys, insurance companies, and governmental agencies, in the totalPage: 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