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in issue, Dr. Beck claimed a filing status of married, filing
separate. Mrs. Beck filed no Federal income tax returns and paid
no estimated income taxes for any of the years in issue.
For the years in issue, Dr. Beck reported on Schedule C,
Profit or Loss From Business (Sole Proprietorship), income and
expenses from “Dental Medical Services” as follows:
Net Profit
Year Gross Income Total Expenses (or Loss)
1991 $388,429 $373,590 $14,839
1992 551,770 579,198 (27,428)
1993 592,960 529,114 63,846
1994 645,960 585,831 60,129
1995 562,892 377,218 185,674
For each year in issue, Dr. Beck reported on Schedule E,
Supplemental Income and Loss, $1,020 net income from oil
royalties.
For taxable years 1993, 1994, and 1995, Dr. Beck reported
losses on Schedule F, Profit or Loss From Farming, of $98,850,
$76,700, and $9,854, respectively, relating to an alleged horse
operation. For 1993 and 1994, these reported losses include
claimed losses of $30,000 and $25,000, respectively, described on
each Schedule F simply as “ONE DEAD HORSE”.
6(...continued)
Taxable Date due with
Year Date due Extensions granted Date filed
1991 Apr. 15, 1992 Aug. 15, 1992 Sept. 1, 1995
1992 Apr. 15, 1993 Aug. 15, 1993 Sept. 1, 1995
1993 Apr. 15, 1994 Aug. 15, 1994 Sept. 1, 1995
1994 Apr. 15, 1995 Aug. 15, 1995 Sept. 1, 1995
1995 Apr. 15, 1996 Oct. 15, 1996 Oct. 16, 1996
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