- 37 -
APPENDIX E
1989
Bank deposits to personal accounts:
Bank Account Number Deposit
Energy People
Federal Credit Union 11195-004 ---
Barnett Bank 1672684397 $27,523
Chemical Bank 00506140-3 250,835
Security Savings
& Loan 23-8351019-1 142,400
Security Savings
& Loan 23-1006720 72,000
First Fidelity 0010186161 27,867
Chemical Bank 623-503-349 76,051
Collective Federal 36-6-750909 512
Total bank deposits - 1989 597,188
Cash expenditures:
a. Note receivable (Ras) 64,000
b. Purchase 212 W. Broad Street (3/31/89) 74,285
Rental income checks paid by Radtam, Inc. to
taxpayer and not deposited into taxpayer’s
bank accounts used in above analysis. 41,000
Rental income checks paid to taxpayer by
managing agent(s) of taxpayer’s Marco Island,
FL rental properties and not deposited into
taxpayers’ bank accounts used in above analysis.
Agent: Horizon by Sea 3,250
Total gross income - 1989 779,723
Less nontaxable deposits/items:
a. Paybacks to corp. from personal account (55,925)
b. Social Security benefits (nontaxable) (4,710)
c. Transfer between accounts (173,000)
Receipts per return:
a. Wages/salary per return (4,631)
b. Interest income per return (3,008)
c. Dividend income per return (1,123)
d. Pension/annuities (4,263)
e. Social Security (tax) (4,710)
f. Rents (gross) (232,000)
Equals: Total nontaxable deposits/items (483,370)
Total gross income unreported 296,353
Taxable income per return (71,907)
Total income unreported 224,446
Personal items paid by corporation 2,247
Total unreported income - 1989 226,693
Page: Previous 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 NextLast modified: May 25, 2011