- 8 - Year No. of Checks Total Received Amount Cashed Amount Deposited 1991 18 $21,097 $18,955 $2,142 1992 53 64,824 58,847 5,977 1993 168 230,322 224,830 5,492 During the years in issue, Mrs. Vetrano knew that petitioner’s income was derived principally from his automobile parts business. She was also aware of the payments that he received from BMAP. She played a role in negotiating the checks that petitioner received from BMAP. During 1991 and 1993, she signed or countersigned checks in the aggregate amounts of $7,650 and $52,157, respectively. During 1993, she also cashed 34 checks in the aggregate dollar amount of $48,203 at the race track where she was employed. Finally, during 1993, she signed a check in the amount of $2,603 and deposited it into a bank account that she maintained at Mid Atlantic Bank. Mrs. Vetrano handled the couple’s household finances. She made deposits into the separate checking accounts maintained by herself and her husband, and she signed checks drawn on both accounts to pay household expenses. The deposits that she made into the couple’s separate checking accounts consisted mostly of cash and were in amounts that approximated the couple’s monthly bills. She obtained the cash for her monthly deposits by cashing her own payroll checks and by asking petitioner for cash.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011