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Fashions For Less6:
Date of Amount
Check Check No. Payee of Check
8/27/91 0485 Fashions store $212
8/28/91 0487 Fashions store 584
9/2/91 0499 Fashions store 1,100
9/5/91 0491 Fashions store 334
4/22/92 0757 M.P. Electronics 200
4/22/92 0758 M.P. Electronics 5,000
On April 21, 1992, petitioner purchased a cashier’s check
for $11,400 from Bank of America that was payable to M.P. Elec-
tronics.
On December 17, 1991, a cashier’s check for $9,900, which
was signed by petitioner as the purchaser of the check and
payable to Circuit City, was purchased from Bank of America.
Although petitioner signed that cashier’s check as the purchaser,
the words “PURCHASER: M AND P ELECTRONICS” were typewritten on
the purchaser’s copy of that check.
New Age Electronics
During at least part of 1992, petitioner engaged in certain
business transactions with New Age Electronics, Inc. (New Age)
that are not disclosed by the record, which involved the purchase
of certain merchandise for resale in Russia. New Age issued
petitioner Form 1099 for 1992, which showed that petitioner
received “Nonemployee compensation” of $2,400.
6During at least part of 1991, Mr. Raja’s wife operated a
ladies clothing store under the name Fashions for Less (Fashions
store).
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