-5- Fox earned a percentage of the worldwide sales of Oxyfresh. In the years in issue, Mr. Fox owned 250,000 of 53 million shares that Oxyfresh had issued. In the years in issue, Mr. Fox had a contract with Oxyfresh, a copy of which is not in the record, entitling him or Prindle to receive payments from Oxyfresh if he performed in accordance with the contract. Mr. Fox agreed that he would not sell for Oxyfresh competitors or falsely advertise Oxyfresh products. At a time not stated in the record, Mr. Fox stopped receiving a percentage of Oxyfresh sales that were made through the efforts of other Oxyfresh distributors. However, Oxyfresh created another position for which Mr. Fox qualified, and Mr. Fox again received a percentage of the worldwide sales of Oxyfresh. From 1983 to 1991, Oxyfresh issued Forms 1099 to Mr. Fox. Mr. Fox reported his income from Oxyfresh on a Schedule C, Profit or Loss from Business. In 1992, Oxyfresh paid between $15,000 and $18,000 per month for Mr. Fox's services. C. Prindle International Marketing Around 1985, Mr. Fox asked Mrs. Fox's uncle, Dan Giboney (Giboney), an attorney, about different forms in which to conduct his Oxyfresh business, including a living trust, C or S corporation, or partnership. Mr. Fox also spoke to an attorney (not named in the record) who specialized in trusts and Mike Dunn (Dunn), Mr. Fox's accountant, about forms in which to conduct the Oxyfresh business. They told him that he could conduct hisPage: 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