-11- Comp. as % Eberl's salary Fiscal NIBTNOL1 of NIBTNOL as % of year & comp. & comp. gross receipts 1988 $36,391 110.0% 14.1% 1989 638,000 100.0 14.7 1990 293,767 112.3 13.7 1991 222,861 98.7 8.7 1992 4,392,439 99.5 21.2 1993 2,151,935 98.0 22.7 1 NIBTNOL is petitioner's net income before tax and net operating loss. 6. Petitioner's Gross Receipts and Taxable Income Petitioner's taxable income was as follows: Fiscal Taxable year income 1988 ($3,609) 1989 (3,609) 1990 (39,842) 1991 (36,981) 1992 (14,542) 1993 27,393 Petitioner has never paid dividends. Petitioner's net profits (i.e., profits before tax and net operating loss) as a percentage of gross receipts were as follows: Fiscal Net profits before Net profit as % year tax and NOL Gross receipts of gross receipts 1988 ($3,609) $282,682 (1.28%) 1989 -0- 4,141,872 0.00 1990 (36,233) 2,190,835 (1.65) 1991 2,861 2,193,708 0.13 1992 22,439 20,438,803 0.11 1993 41,935 9,168,585 0.46 Petitioner's net profits as a percentage of total income and equity were as follows: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