- 4 -
Petitioner’s father, Charles Chappell, has been a public
accountant in Montgomery for more than 30 years.
B. Petitioner’s Tax Preparation Business
Petitioner has operated an unincorporated income tax
preparation business in Montgomery for 25 years. He operated the
business from his home at 3314 Lower Wetumpka Road in Montgomery
in 1994 and 1995.
Petitioner did not prepare or file any Forms W-2 (Wage and
Tax Statement) or Forms 1099-MISC (Miscellaneous Income) for his
tax preparation business in 1994 and 1995.
C. Petitioner’s Houses
1. The Lower Wetumpka Road House
On October 2, 1992, petitioner bought a house at 3314 Lower
Wetumpka Road (the Lower Wetumpka Road house) in Montgomery for
$30,000. Petitioner financed $29,000 of the purchase price
through the sellers. Petitioner made the monthly payments on the
mortgage (usually $279.42, including taxes and insurance) from
his Colonial Bank account. He paid $3,258.33 in 1994 and
$2,235.36 in 1995.
The Lower Wetumpka Road house has 918 square feet and
contains four rooms and a kitchen and bathroom. Petitioner used
the large room in the front of the house as a waiting room during
tax filing season. It was also used by the Freedom Quilting Bee,
a 150-year old quilting cooperative, on whose behalf petitioner
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