- 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 641,694 325,473 421,892Page: 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