- 9 - On the basis of the above adjustments for 1992, 1993, and 1994, respondent computed tax increases of $245,051, $103,218, and $118,840, respectively, with respect to the returns of Crabtree Investments. Bar and Package Store Sales The following schedule summarizes the aggregate gross receipts of the package store and the bar as determined by the revenue agent: Description 1992 1993 1994 .50-liter $147.00 $255.50 $87.50 .200-liter 6,938.70 3,158.08 2,177.72 .375-liter 7,224.40 4,361.77 2,716.54 .750-liter 14,019.70 7,478.99 7,497.29 1.5-liter wine 178.80 -0- -0- 1.75- & 2-liter 3,623.70 3,133.14 749.40 3-liter -0- 39.96 -0- Miscellaneous 745.20 2,240.70 3,247.20 Liter--package 11,670.40 5,778.84 6,257.29 Liter--at bar 669,067.89 169,498.45 160,480.14 Beer 278,624.08 265,500.00 342,458.00 992,239.87 461,445.43 525,671.08 The revenue agent reconstructed Crabtree Investments’ gross receipts from bar and package store sales using the beer, wine, and liquor purchases as shown on the purchase orders provided to the agent by petitioners. The agent also used the drink and package store prices supplied by petitioners and applied a spillage or waste factor. The agent subtracted reported sales from total gross receipts,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