- 4 - they used to prepare monthly and long-term expense and income reports used for budgeting. With the exception of the advice from their C.P.A., petitioners did not seek guidance from an independent source. Petitioners prepared a handwritten outline of their statement of goals in their January 1995 calendar notes. Petitioners’ goals included recruiting three downline distributors every month who would, in turn, find three of their own downline distributors. The goals also project and calculate commissions to be received from the downline distributors and customers. For example, the goals included as follows: “Increase 300PV Per Month” and “Find 10 Customers = 500 - 1000 PV”. Petitioners maintained calendars for 1996 and 1997 with their daily personal and Amway engagements. These calendars have handwritten entries indicating cities, hotels, and other items such as “STP” (show the plan--a marketing of their business plan), but it is not always clear which entries are related to the Amway activity. Petitioners maintained daily and monthly logs of “Business Expenses”, charts of their miles traveled, parking, tolls, fares, meals, lodging, and other expenses (e.g., tickets) from January 1996 through December 1997. In the “Business Purpose - Where, Why, Who, etc.” column in these charts, petitioners wrote various cities, words, and abbreviations (e.g., “Ft. Lauderdale STP”, “Gainsville Seminar”,Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Next
Last modified: May 25, 2011