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claiming to report the income of J&R Trust, a complex trust,
created on January 1, 1992, and carrying on (1) a business named
“J & R” and (2) other activities (such returns being referred to,
collectively, as the J&R Trust returns). Each of the J&R Trust
returns is signed by one or the other of James or Rita Snyder as
a fiduciary. For 1992, one “Kevin R. Richards” is reported as a
fiduciary, and, for 1995, one “David J. Snyder” is reported as
“trustee”. The business carried on under the name J & R is
described as, for 1992, “management services” and, for the
remaining years, “investments”. The J&R Trust returns report the
following amounts of gross receipts from such business and
interest income unrelated to such business:
Year Gross Receipts Interest Total
1992 –- –- --
1993 $11,606 $159 $11,765
1994 15,000 334 15,334
1995 8,800 242 9,042
With respect to such business, the following expenses and net
profits are reported:
Year Expenses Net profit
1992 $20,512 ($20,512)
1993 28,096 (16,490)
1994 4,233 10,767
1995 4,467 4,446
The J&R Trust returns also report net rental income and
distributions received from Complete Connections Trust in the
following amounts:
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Last modified: May 25, 2011