- 7 -7 for fuel reimbursement and delivery services were not deposited into AJF's bank account, then corporate income tax returns would not reflect these amounts. J.C. Penney Custom Decorating Divisions (Custom Decorating) issued checks to "AJF and/or A.J. Ferrentino" for services performed. Ferrentino cashed checks issued by Custom Decorating in the following amounts: Year Amount Cashed by Ferrentino 1988 $70,721.02 1989 57,680.35 1990 53,030.51 AJF did not include these amounts in gross income on its Federal income tax returns. The J.C. Penney Buffalo distribution center issued checks for fuel reimbursement solely to Ferrentino. During the years at issue, Ferrentino cashed all but two fuel reimbursement checks from the Buffalo distribution center. The cashed check proceeds totaled: Year Amount Cashed by Ferrentino 1988 $66,194.16 1989 65,725.26 1990 109,684.97 The J.C. Penney Toledo distribution center issued checks for fuel reimbursement to "Anthony J. Ferrentino/AJF Trans. Inc." Ferrentino cashed these checks in the following amounts: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