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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:
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Last modified: May 25, 2011