- 10 - total of $112,433.43 in income which I did not report on my personal income tax returns during the period. The amount of additional income omitted in each of the years for which amended returns are being filed by me is as follows: Amount of Year Unreported Income 1981 $64,640.72 1983 31,399.81 1984 16,392.90 Total: $112,433.43 Randy Hall also filed an amended 1982 return in early 1986 pursuant to the cooperation agreement. On that return, Randy Hall reported a $94,199 increase in income resulting from its reduction of its cost of goods sold as originally reported. Randy Hall acknowledged on that return that the reduction was required because it had originally included in its cost of goods sold computation nonexistent business deductions totaling $337,300. Randy Hall reported that its four shareholders during the relevant time period had “ADDITIONAL INCOME ARISING FROM THE AFOREMENTIONED DEDUCTIONS” in the amounts set forth in the schedule shown above as to Randy Hall’s amended 1983 return. Randy Hall attached to its amended 1982 return the same affidavits attached to its amended 1983 return. Mr. Feinsmith filed an amended 1984 personal income tax return in early 1986 (or possibly late 1985) pursuant to the cooperation agreement. On that return, Mr. Feinsmith reported additional income of $16,333, representing what he believed was his 1/3 share of Randy Hall’s false invoice deductionPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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