- 19 - Amuke Group during 1992 “Nonemployee compensation” of $5,872. The record does not disclose whether Amuke Group issued Form 1099 to petitioner for 1993. At a time that is not disclosed by the record, Mr. Vulis guarantied repayment of a $15,000 loan that Mr. Ferrer, who was a business associate of Mr. Vulis at Amuke Group, made to peti- tioner (Mr. Ferrer’s $15,000 loan). At a time that also is not disclosed by the record, Mr. Vulis, as the guarantor of Mr. Ferrer’s $15,000 loan, repaid that loan. During at least 1993, petitioner participated in certain income-producing activities with Commonwealth Enterprises, another business with which Mr. Vulis was associated. Common- wealth Enterprises, like the Amuke organizations, was engaged in the purchase of certain merchandise for resale to customers located in the former Soviet Union. Petitioner conducted busi- ness with Commonwealth Enterprises in a manner similar to the manner in which he conducted business with the Amuke organiza- tions; that is to say, in general, petitioner located certain merchandise on behalf of Commonwealth Enterprises that it be- lieved it would be able to resell at a profit to its customers, and Commonwealth Enterprises compensated petitioner for his work by paying him a portion of the profit from the resale of such merchandise. Included within the total deposits during 1992 into peti-Page: Previous 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Next
Last modified: May 25, 2011