- 11 - April 24, 1995, for Harbour Marine Services' taxable year 1982. Mr. Drummond's stock in Harbour Marine Services became worthless during 1984. Other statements that Mr. Drummond made to respondent's agents to explain his tax situation for 1984 included his false claim that he did not work during that year. Mr. Drummond also told respondent's agent that his 1984 return was not accurate because he had been in the midst of a messy divorce when it was filed. In fact, Mr. Drummond's divorce was finalized, and he had remarried, long before his 1984 return was filed. In addition, at sometime during respondent's examination of Mr. Drummond's taxable years 1983 and 1984, Mr. Drummond told respondent's agent that he did not report income from ABC because he was on the completed contract method. Another illustration of misleading statements made by Mr. Drummond to respondent's agents is his claim relating to D.D. & Associates. About a year and a half after the investigation by respondent of Mr. Drummond's taxable years 1983 and 1984 had begun, Mr. Drummond informed respondent's agent that the income that he received from ABC was partnership income from his part- nership known as D.D. & Associates. Prior to making that state- ment to respondent's agent, Mr. Drummond had taken the position that D.D. & Associates was the name of his accounting business. Mr. Drummond also told respondent's agent that no return had beenPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Next
Last modified: May 25, 2011