- 5 - Petitioners currently live in a house in Bella Vista, California (the Bella Vista residence). The Bella Vista residence is located on 54 acres of land. Michael Blomquist, trustee of Hidden Meadows Holding Trust, acquired title to the Bella Vista residence in 1996. Robert Hogue was the purported trustee of Hidden Meadows Holding Trust at the end of 1997. Petitioner paid the property taxes on the Bella Vista residence in April 1997 with funds from Sunshine’s bank account. 4. Petitioners’ 1997 Tax Return Petitioners requested and received an extension of time to August 15, 1998, to file their 1997 return. Petitioners signed their 1997 return on October 7, 1998, and respondent received it on October 16, 1998. Petitioner received but did not report self-employment income of $1,221,680 in 1997. Residential, Rancho, Sunshine, and Home Health reported that amount as gross receipts on their 1997 returns. Petitioners also received but did not report interest income of $868 in 1997. Instead, Residential, Rancho, and Home Health reported that amount as interest on their 1997 returns. Petitioners did not have or provide to respondent substantiation of car and truck, office, and mortgage interest expenses they deducted on their 1997 return.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 Next
Last modified: May 25, 2011