Rogelio R. Balot and Zenaida V. Balot - Page 12




                                       - 12 -                                         
               3.  Check Cashing                                                      
               In addition to her other income-producing activities,                  
          Zenaida cashed checks for a $5 fee.  She performed this service             
          about two or three times during the years in issue.                         
          E.  Bank Deposits                                                           
               Petitioners maintained five bank accounts in four separate             
          institutions during the years in issue.                                     
               Table 1 shows petitioners’ aggregate deposits into each                
          account, by account number, in each year in issue.                          
                                       Table 1                                        
               Account             1991           1992           1993                 
               5-852-706      $57,905.90     $47,971.13     $56,679.69                
               26-320-93-3    1,449.09       13,029.36           -0-                  
               612-2552-9     3,305.32       44,415.40      32,065.10                 
               0215714-007    9,600.00       9,600.00       9,660.66                  
               75-009-232       11,829.51      29,142.89       21,639.44              
               Total Deposits 84,089.82      144,158.78      120,044.89               
               Table 2 shows respondent’s analysis of petitioners’ bank               
          account deposits for each of the years 1991 through 1994.  Except           
          as indicated otherwise in the notes to table 2, the “Excess                 
          deposits per Appeals” in the table became the notice of                     
          deficiency adjustments labeled “Other Unreported Income”.                   










Page:  Previous  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  Next

Last modified: May 25, 2011