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a net profit of $32,803. The 1991 Form 1040 reports no income
(or any other item) from any trust.
For 1992 through 1995, petitioners also made joint returns
of income on Forms 1040, U.S. Individual Income Tax Returns (the
1992 through 1995 Forms 1040). Except for 1995, none of those
returns reports any item identified with a business named
“Complete Connections”. For 1995, petitioners reported $7,750 of
wages, $3,750 of which is identified on a Form W-2, Wage and Tax
Statement, 1995, as being paid by Complete Connections Trust to
James Snyder. The 1992 through 1995 Forms 1040 do, however,
report the following amounts of income from J&R Trust:
Year Amount
1992 $15,219
1993 11,773
1994 14,950
1995 18,659
Federal Income Tax Returns for Complete Connections Trust
Beginning with 1992, and continuing for 1993, 1994, and
1995, either Rita or James Snyder made a return of income on
Form 1041, U.S. Fiduciary Return of Income (for 1992 and 1993) or
U.S. Income Tax Return for Estates and Trust (for 1994 and 1995),
claiming to report the income of Complete Connections Trust, a
complex trust, created on January 1, 1992, and carrying on a
business of the same name (such returns being referred to,
collectively, as the Complete Connections Trust returns). Each
of the Complete Connections Trust returns is signed by one or the
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