- 3 -
service, or at any other time. Accordingly, pursuant to
Rule 90(c), each matter set forth therein was deemed
admitted. See Freedson v. Commissioner, 65 T.C. 333,
334-336 (1975), affd. 565 F.2d 954 (5th Cir. 1978).
Petitioner is deemed to have made the following admissions:
1. Petitioner has not filed federal income tax
returns for the taxable years 1992 and 1993.
2. Petitioner was engaged in a trade or business
during 1992 and 1993.
3. Petitioner failed to maintain any records
reflecting the income and expenses of her trade
or business.
4. During 1992 petitioner made total deposits of
$104,090.44 into her bank accounts.
5. Of the net deposits into their [sic] accounts
in 1992, $0.00 represented non-taxable items.
6. During 1993 petitioner made total deposits of
$101,558.00 into her bank accounts.
7. Of the net deposits into her accounts in 1993,
$0.00 represented non-taxable items such as
returned checks.
8. Petitioner did not deposit all of her business
income into her bank accounts.
9. The entire amount of the deposits into
petitioner's bank accounts in 1992 and 1993
represented taxable income.
10. Petitioner had no other non-taxable sources for
the deposits made into her bank accounts.
11. During the years 1992 and 1993 petitioners [sic]
failed to maintain complete and accurate records
of their [sic] income.
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