- 145 - KWJ Corp. paid Weaver a total of $237,677 as commissions from 1979 through 1983. KWJ Corp. paid $21,000 as consulting fees to unidentified payees during 1982. KWJ Corp. paid three of Ballard's and Lisle's children (Melinda Ballard, Thomas Lisle, and Amy Albrecht) $1,000 each month during 1983 and deducted the $36,000 as consulting expenses for 1983. KWJ Corp. had a total of $7,620 in other expenses from 1979 through 1983. In 1979, KWJ Corp. distributed $60,000 to IRA. During 1981 KWJ Corp. distributed $262,400 to IRA that was treated as a loan from KWJ Corp. to IRA. In 1982, an offset of $260,000 of the loan was treated as a dividend distribution to IRA. In 1983, IRA repaid the remaining $2,400 loan. During 1983, KWJ Corp. was liquidated, and $298,853 was distributed to IRA. From 1979 through 1983, KWJ Corp. had available or received a total of $921,150 from the following sources:Page: Previous 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 Next
Last modified: May 25, 2011