- 5 - ledgers, check disbursement records, cash receipts journals, income or sales journals, or records of summaries). Petitioners’ Personal Expenses During 1995, petitioners spent $2,586.87 a month on personal expenditures that included, among other things, utilities, clothing, storage, housewares, automotive, and leisure expenses. From January through July 1995, petitioners paid $1,700 a month rent on a residence known as “100/101 Santes”. On or about July 2, 1995, petitioners paid a $1,500 deposit on a rental home located in Wildomar, California (Wildomar home). From July through December 1995, petitioners paid $1,190 a month rent for the Wildomar home. On or about March 11, 1995, petitioners paid $7,000 in cash to purchase a Mercedes. On June 27, 1995, petitioners paid off their Astro minivan with a $2,135 cashier’s check. On August 5, 1995, petitioners purchased appliances for $2,368.02 and $473.02. During 1995, petitioners purchased an Acura NSX for $40,000 in cash. Petitioners’ Bank Accounts Petitioners maintained bank accounts at Great Western Bank. As of January 1, 1995, petitioners had a zero balance in their accounts.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
Last modified: May 25, 2011