- 8 -
obtained from Ms. Crabtree the original purchase orders for
beer and liquor purchases.
All of Crabtree Investments’ original records that
were provided to the revenue agent, other than the general
ledgers, were returned to petitioners and afterwards lost
in the fire that destroyed Justins in 1996. They were not
available at trial.
Respondent’s determination of Crabtree Investments’
unreported income for 1992, 1993, and 1994 is based upon
eight different categories of income, as summarized in the
following schedule:
1992 1993 1994
a. Bar sales $938,199 $397,502 $426,160
b. Package store sales 54,041 63,943 99,511
c. Cover charges 91,000 91,000 91,000
d. Vending machine receipts 7,954 6,944 6,714
e. Food sales 6,500 6,500 6,500
f. Flower sales 2,314 1,220 -0-
g. Coke, juice & coffee 19,435 19,435 19,435
h. Pay telephone receipts 2,080 2,080 2,080
Total 1,121,523 588,624 651,400
Gross receipts or sales
reported on return 479,829 263,151 229,508
Adjustment 641,694 325,473 421,892
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