- 5 -
Petitioners were the only individuals who lived in the
various residences that they occupied during the years at issue.
During those years, they did most of their grocery shopping at
Sam’s Club.
During the years at issue, petitioners did not inherit any
money or property, nor did they apply for, or receive, any bank
loans.
Petitioners maintained a joint bank account, account No.
8011127, at National City Bank (National City joint account)
until May 18, 1993, when they closed that account. As of Decem-
ber 31, 1992, the balance in petitioners’ National City joint
account was $5.51. On February 10, 1993, petitioners opened a
joint bank account, account No. 91138256, at Peoples Bank (Peo-
ples joint account) and made an opening deposit into that account
of $2,000. As of December 31, 1993, the balance in petitioners’
Peoples joint account was $8,873.21.
In 1988, Mr. Owens started a painting business (painting
business) which he continued to own and operate during the years
at issue and which was petitioners’ primary source of income
during those years. Ms. Owens assisted Mr. Owens in his painting
business and was paid nonwage compensation of $1,700 during 1993
and $1,900 during 1995.
Mr. Owens’ painting business undertook primarily industrial
and commercial painting jobs. In those jobs, Mr. Owens served
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