- 8 - Conclusion Based on our findings of facts and conclusions of law, we hold that Mr. Sasser received unreported income in 1996 in the amount of $2,612, determined as follows: Deposits to personal account $29,096 Plus: Deposits to business account +1,518 Total deposits 30,614 Less: Mrs. Sasser’s net wages -17,267 Balance 13,347 Less: Reported gross receipts -5,635 Balance 7,712 Less: Dec.‘96 credit card advance - 1,500 Balance 6,212 Less: Deposits attributable to Mrs. Sasser’s brother -3,600 Unreported gross receipts 2,612 Reviewed and adopted as the report of the Small Tax Case Division. In order to give effect to the foregoing, Decision will be entered under Rule 155.Page: Previous 1 2 3 4 5 6 7 8 9
Last modified: May 25, 2011