- 5 -
had previously acquired in Woodland Hill Estates and Mountain
View Estates.
In 1985, the mortgage on the Smith Mountain Lake vacation
home was paid off. In 1989, at an undisclosed cost, the
Barrancos remodeled the vacation home.
B. Family Vacations
In 1984 or 1985, the Barrancos took their son to Scandinavia
for a couple of weeks. Also during the years at issue, the
Barrancos took three of their children on a bus tour of Italy,
and petitioner and Dr. Barranco took a snow-skiing trip to France
with the Atlanta Ski Club. In addition, during the years at
issue, Dr. Barranco took a couple of snow-skiing trips to
Switzerland with his son, and he also took annual week-long snow-
skiing vacations in Colorado.
C. Daughters’ Weddings
During the years at issue, each of the Barrancos’ daughters
got married. Dr. Barranco spent approximately $8,000 to $10,000
on each wedding. Petitioner helped plan these weddings but did
not know the total cost.
D. Gifts
For each year at issue, petitioner generally spent at least
$500 to $1,000 for Christmas presents on each of the Barrancos’
four children. Dr. Barranco also made gifts to the children
during the years at issue, including these significant gifts, all
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011