- 4 -
1986 1987 1988 1989
Wages (HPD) $41,004 $45,605 $44,315 $49,495
Non-employee 364 1,000 -0- -0-
compensation
Interest 425 539 349 455
Dividends 226 -0- -0- -0-
State income tax1,719 -0- -0- -0-
refund
Pension annuity-0- 61 -0- -0-
Gambling winnings(Horseshoe Casino) -0-1,600 -0- -0-
Cash deposits 9,300 5,000 8,500 -0-
Beginning in 1977, petitioner also operated a sole
proprietorship masonry contracting business under the name S&H
Masonry. Petitioner operated this business through at least
1993. For the years 1986 through 1989, petitioner received the
following amounts and incurred the following expenses in
connection with the operation of S&H Masonry:
1986 1987 1988 1989
Gross receipts $110,632 $268,309 $312,446 $380,315
Wages (per statutory(43,664) (127,895) (85,777)
notice) (91,211)
Additional expenses(54,786) (65,557) (138,779)
(94,466)
Net 12,182 74,857 87,890 194,638
Some of the receipts generated by this business were paid to
petitioner in cash. Around August of 1989, petitioner stopped
using his business checking account in favor of conducting
business in cash. Petitioner drew 279 checks against his
business account from January to July 1989 (approximately 40
checks per month). From August to September of the same year,
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