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Year Moore’s Auto Account Shop E-Z Mart Account
1987 $54,737 $45,865
1988 41,517 68,585
1989 50,217 61,923
1990 47,181 70,066
During taxable years 1987 and 1988, petitioners maintained a
savings account at Branch Banking and Trust Company (BB&T
account). Petitioners’ deposits into the BB&T account for the
years 1987 and 1988 were $8,500 and $6,105, respectively.
Lesely’s Disability Compensation
Lesely received disability compensation payments from the
Federal Government for an injury he suffered during previous
employment. During the subject years, Lesely received disability
compensation payments as follows:
Year Total Payments Received
1987 $13,482
1988 12,930
1989 15,342
1990 16,075
Each of these disability compensation payments was deposited into
petitioners’ bank accounts.
Petitioners’ Cash Expenditures
Petitioners made numerous cash expenditures during the
subject years. Those expenditures were for, among other things,
mortgage payments on their residence, two parcels of real
property, a mobile home, payments on a new 1987 Mercedes 560SEL
sedan (purchased in 1988), payments on a new 1987 Lincoln Town
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Last modified: May 25, 2011