- 5 - Missouri, case No. 582034 (collectively Mr. Gans and his related businesses). Petitioner and Mr. Gans and his related businesses executed a written Release and Settlement Agreement on April 5, 1993. A settlement check of $15,000 (settlement award), payable to petitioner and her attorney William Moench (Mr. Moench), was issued pursuant to the Release and Settlement Agreement on June 2, 1993. Petitioner’s attorney’s fees were $6,542.70 ($5,000 plus $1,542.70 costs). Petitioner received two checks from Mr. Moench’s client trust account, dated June 17, 1993, of $3,728.65 and $4,728.65. The first check payable to petitioner was earmarked for “Steve Anderson interest in Gans settlement” and allegedly paid to Mr. Anderson. Previously, on March 2, 1989, petitioner filed a petition for dissolution of her marriage to Mr. Anderson, in the Circuit Court of the Sixth Judicial District of Macon County, Illinois. Petitioner’s Judgment of Dissolution of Marriage (dissolution judgment) was issued on February 7, 1990. Petitioner filed her 1993 Federal income tax return on October 17, 1994. The settlement proceeds were not reported thereon, nor were corresponding deductions claimed for attorney’s fees and costs or payments to Mr. Anderson. An amended income tax return, Form 1040X, was allegedly prepared and signed by the return preparer and petitioner on or about December 27, 1997.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
Last modified: May 25, 2011