- 46 -
APPENDIX L
1991
Bank deposits to personal accounts:
Bank Account Number Deposit
Energy People
Federal Credit Union 11195-004 ---
Barnett Bank 1672684397 $59,702
Chemical Bank 00506140-3 340,750
Security Savings
& Loan 23-8351019-1 343,915
Security Savings
& Loan 23-1006720 6,400
First Fidelity 0010186161 63,395
Chemical Bank 623-503-349 13,802
Collective Federal 36-6-750909 7,119
Barnett Bank 1679177650 24,719
Barnett Bank C.D. 0031756406 97,000
Barnett Bank C.D. 0031760714 96,000
Barnett Bank C.D. 0031760659 97,000
Total bank deposit - 1991 1,149,802
Cash expenditures:
a. Purchase 3 savings bonds at face
value of $10,000 15,000
b. Less: Correction - $15,000 paid by check (15,000)
c. Use of Radtam funds to purchase assets for Bratam 50,000
Gross income deposited to corporate account:
Personal rental income treated as income in statutory notice
of deficiency 1115,267
Difference between gross salary and actual salary deposited 301
Total increase in bank deposits: 165,568
Less nontaxable deposits/items:
a. Paybacks to corp. from personal account (87,500)
b. Social Security benefits (nontaxable) (5,850)
c. Transfer between accounts (177,500)
Additional repayments, transfers and nontaxable items:
a. Transfers from personal accounts used to purchase Barnett
Bank certificates of deposit (214,500)
b. Personal rental income deposited to corporate accounts (115,267)
c. Additional transfers not listed in statutory notice of
deficiency (73,255)
d. Additional payback to corporation (2,400)
e. Nontaxable refund from sewer authority (14,000)
f. Withdrawal from corporate account treated as a transfer
in statutory notice of deficiency 25,000
Receipts per return:
a. Wages/salary per return (3,003)
b. Interest income per return (21,522)
c. Dividend income per return (1,202)
d. Pension/annuities (4,263)
e. Social Security (tax) (5,850)
f. Rents (gross) (368,930)
Total reductions: (1,070,042)
Total gross income unreported: 245,328
1Because of a typographical error in respondent’s bank deposit analysis,
“$115,627" should be “$115,267". As a result, petitioners’ total unreported gross
income is decreased by $360.
Page: Previous 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 Last modified: May 25, 2011