- 12 - on their 1992 and 1993 Forms 1040, U.S. Individual Income Tax Return, respectively. B. Withdrawal of Corporate Funds for Distribution to Friends and Family During each of the taxable years 1989 through 1993, CFC maintained an account in its corporate records that operated as a shareholder loan account for the Cordeses (account No. 312). Account No. 312 tracked amounts transferred between CFC and the Cordeses. Mr. Cordes withdrew funds from CFC during each of the taxable years at issue; the withdrawn funds were charged to account No. 312 and were distributed as follows:Page: Previous 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Next
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