- 14 - C. Electronics, Introduction Fees, Theater Tickets, and Music Tape Income During 1989, petitioner received $10,800 from the sale of electronics to, as well as the payment of introduction fees by, Ted and Brian P. Petitioner also received $7,800 from the sale of electronics to Howard S. (in addition to the $5,000 loan from Mr. S. noted earlier). Petitioner’s cost of goods sold to Ted and Brian P. and to Howard S. in 1989 was $5,371. In August 1989, petitioner received $300 in the form of a check written to her individually by David M. The check was for the purchase of tickets to the Broadway show “Phantom of the Opera”. Petitioner, as “Zabetti Pappas - REAL SERVICES”, had paid $300 for these tickets. She also received $250 for tickets to the Broadway show “M. Butterfly” for which she paid the same amount. On September 18, 1989, Paul H. wrote a check to Real Services in the amount of $110, in payment for prerecorded music tapes that had cost petitioner $12. Petitioner deposited this check into Real Services’s checking account. In 1990, petitioner received $3,000 for additional electronic equipment sold to Ted and Brian P. This equipment included some security devices for a warehouse rented by Ted P. Petitioner’s cost for the electronic equipment totaled $2,628. In the same year, Howard S. paid her $2,775 for additional electronic equipment. The items petitioner sold him included aPage: Previous 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Next
Last modified: May 25, 2011