- 22 -
1991 Disallowed Purchases
Date Check No. Payee Amount
8/22/92 836 Coastal Tobacco $9,800
8/22/91 837 Coastal Tobacco 9,800
8/23/91 838 Coastal Tobacco 3,700
8/28/91 847 Coastal Tobacco 9,800
8/03/91 854 Cash 9,000
8/03/91 855 Cash 9,000
9/03/91 856 Coastal Tobacco 571
9/30/91 881 Martin Lee 9,500
10/01/91 882 Martin Lee 9,500
10/01/91 883 Martin Lee 4,991
10/09/91 897 Martin Lee 9,800
10/09/91 898 Martin Lee 9,800
10/10/91 899 Martin Lee 8,000
10/18/91 910 Martin Lee 9,800
10/18/91 911 Martin Lee 9,800
10/18/91 912 Martin Lee 9,800
10/18/91 913 Martin Lee 5,541
11/20/91 939 Okay Leaf 200,000
12/19/91 953 Okay Leaf 200,000
12/31/91 963 Okay Leaf 150,000
12/12/91 954 Coastal Tobacco 35,000
12/31/91 962 C.L. Gurganus Whse 100,000
823,203
Accounts payable--"OK Leaf" 350,000
1,173,203
On his income tax returns for 1990 and 1991, each
petitioner included one-third of the net income reported
by Beaufort Leaf. Mr. Pridgen's returns were prepared by
the certified public accounting firm of Anthony & Tabb or
its predecessor. Mr. Gaskins' returns were prepared by a
certified public accountant, Mr. Frank Harper.
The two adjustments that respondent made to Beaufort
Leaf's 1990 and 1991 returns, described above, increased
the partnership's income and increased each partner's
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