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RE: Pelican Avenue Vacant Lot
Dear Steve;
John “Thumper” Richards has asked me to assist
him in recovering some of the money he invested in
the above referenced property.
Enclosed herewith is a copy of the $8,000.00
check representing his portion of the purchase
price. The assessed value is $13,292.00 with the
actual value being somewhat more.
I have enclosed a Quit Claim Deed for your
(consideration) execution.
Thumper would like to purchase your interest for
a “fair” (?) amount. This transfer could be
accomplished by you sending the executed Quit Claim
Deed to your wife; then Thumper could give her a
cashier’s check in exchange for the deed.
Please call (collect) either myself or Thumper
(672-1654) to discuss this further.
Sincerely,
/s/
DAVID C. ROBINSON
ATTORNEY AT LAW
On January 2, 1996, Sun Beach Investments, Inc. purchased
the property from petitioner for $15,000.
By notice of deficiency dated December 19, 1996,
respondent determined deficiencies and additions to tax totaling
$63,817 with respect to Steven’s Federal income tax liabilities
for 1991 through 1994.
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