Domer L. Ishler - Page 12




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               2.   1988                                                              
               On January 8, 1988, Montrose Products Co. issued a $3,918.80           
          check to TCM.  Petitioner endorsed the check on behalf of TCM but           
          did not deposit it in an account maintained by petitioner or TCM.           
          The check was cashed.  In February and March 1988, on behalf of             
          TCM, petitioner endorsed and deposited in the Double D account              
          two checks payable to TCM totaling $1,958.60.                               
          F.   Camaro Checks Reported by TCM                                          
               TCM deposited two checks from Camaro totaling $11,789.54 in            
          its operating account in October 1987.  TCM reported this amount            
          on its 1987 return.  Between January 4 and October 25, 1988, TCM            
          deposited checks from Camaro totaling $166,416.10 in its                    
          operating and money market accounts.  TCM reported this amount on           
          its 1988 return.                                                            
          G.   Payments From NSA to Camaro in 1987 and 1988                           
               1.   1987                                                              
               Between September 11 and November 20, 1987, NSA issued five            
          checks totaling $298,601.27 to “Camaro Trading Co., Ltd.” or                
          “Camaro Trading Co., Ltd.  Attn:  Mr. D. Ishler”.  TCM received             
          these checks in Huntsville but did not deposit them in a TCM                
          account.  TCM sent them to Camaro in Hong Kong.                             
               2.   1988                                                              
               Between January 4 and December 22, 1988, NSA issued 13                 
          checks totaling $1,569,596.15 to “Camaro Trading Co., Ltd.” or              






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