- 6 - amount of $441,662.05. He knew that each of these checks was income to him. In 1987 and 1988 petitioner knew that he had an obligation to report all of his income on his Federal income tax returns, whether received by check or cash. Petitioner knew that he would receive a Form 1099 representing income he received for services rendered to Medicare and Medicaid patients. He knew that this information would be sent to the Internal Revenue Service. He also knew that he was not going to receive Forms 1099 from about 98 percent of the attorneys who were issuing checks to him for payment of medical services to their clients. Petitioner made a copy of each check he received from an attorney in 1987 and 1988. He would then add the checks each week and make a notation to himself. He would keep a running total for the entire year. Although petitioner claimed that he kept a handwritten list of the amounts of the various checks he received in 1987 and 1988, he never gave the list to Michael Bruno (Mr. Bruno), his certified public accountant. Petitioner usually hand delivered his bill for medical services on behalf of certain patients to attorney Louis Gerdes (Mr. Gerdes). This occurred during 1987 and 1988 when petitioner received 278 and 188 checks, respectively, from Mr. Gerdes.Page: 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