Bobby E. Welch - Page 6

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          gross receipts in the amount of $737,86 .4  Arthur T. Moore (Mr.            
          Moore), a certified public accountant, prepared petitioner's 1984           
          return from information supplied by petitioner and sent the                 
          return to petitioner.  Petitioner has no original books or                  
          records supporting the figures that appear on the copy of the               
          1984 return.  Petitioner, however, has a work sheet allegedly               
          prepared in-house showing a trial balance of his business as of             
          December 30, 1984.  Mr. Moore did not know whether the 1984                 
          return that he prepared was filed, and petitioner did not testify           
          that he filed the return.  The record does not contain any                  
          information concerning petitioner's 1981, 1982, 1983, and 1985              
          tax returns.                                                                
               Petitioner did not testify as to the date that he filed the            
          returns for the years at issue.  A copy of the 1986 return shows            
          that petitioner executed that return on September 26, 1992.  That           
          return was prepared by "Greenberg & Jackson, CPA'S" (Greenberg              
          firm).  A copy of the return for 1987 attached to the petition              
          shows that it was prepared by Mr. Moore and shows a date of                 
          February 20, 1994, whereas a copy of the 1987 return attached to            
          the stipulation of facts is undated and shows that it was                   
          prepared by "William D. Truax, E.A., Inc." (Truax).  A copy of              
          the 1988 return indicates that it was prepared on August 19,                
          1992, by Truax.  Copies of the 1989 and 1990 returns show that              

               4  The copy of this return cuts off the last digit on the              
          right-hand column of the Schedule C.                                        




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