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APPENDIX K
1990
Bank deposits to personal accounts:
Bank Account Number Deposit
Energy People
Federal Credit Union 11195-004 ---
Barnett Bank 1672684397 $125,640
Chemical Bank 00506140-3 395,039
Security Savings
& Loan 23-8351019-1 219,001
Security Savings
& Loan 23-1006720 15,575
First Fidelity 0010186161 176,807
Chemical Bank 623-503-349 57,137
Collective Federal 36-6-750909 18,922
Barnett Bank 1679177650 277,265
Total bank deposits - 1990 1,285,386
Cash expenditures:
a. Purchase 10/18/90 407 Canal Street 5,258
b. Purchase 7/2/90 610 Reed Street 47,592
c. 1990 Plymouth Voyager 10/9 6,500
d. Boston Whaler boat 7/26 115,850
Gross income deposited to corporate account:
Personal rental income treated as income in Statutory Notice
of Deficiency 83,424
Difference between gross salary and actual salary deposited 292
Personal items paid by corporation 2,535
Total increase in bank deposits: 161,451
Less nontaxable deposits/items:
a. Transfer between accounts (487,811)
b. Social Security benefits (nontaxable) (5,544)
c. Check to cash 611 account 00506140 (30,000)
Additional repayments and transfers:
a. Corrections to statutory notice of deficiency
for check to cash 30,000
b. Correction of transfer listed in statutory notice of
deficiency 4,500
c. Personal rental income deposited to corporate accounts (83,424)
d. Additional transfers not listed in statutory notice of
deficiency (160,000)
Receipts Per Return:
a. Wages/salary per return (2,840)
b. Interest income per return (9,426)
c. Dividend income per return (1,170)
d. Social Security (tax) (5,544)
e. Rents (gross) (311,700)
f. Pension/annuities (4,263)
Total reductions: (1,067,222)
Total gross income unreported: 379,615
1Because of a typographical error in respondent’s bank deposit analysis,
“$15,580” should be “$15,850”. As a result, petitioners’ total unreported gross
income is increased by $270.
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