-9- reported that DDL had paid wages to petitioner in his capacity as DDL’s employee. E. 1990 and 1991 Tax Returns The Les filed joint 1990 and 1991 Federal individual income tax returns. These returns were signed by both of the Les. The Les reported on these returns that they had realized gross income in amounts which did not include the amount of any of the attorney checks. Petitioner filed on behalf of DDL 1990 and 1991 Federal corporate income tax returns. Those returns, which petitioner signed in his capacity as an officer of DDL, reported that DDL was incorporated on January 3, 1983,7 and that DDL owned as of the end of each respective year a significant dollar amount of assets.8 The corporate returns also reported for each respective year that DDL had realized a significant dollar amount of gross receipts and had paid a significant dollar amount of varied expenses, including an expense for petitioner’s officer compensation. 7 Whereas petitioner actually incorporated his medical practice on Dec. 22, 1982, we consider DDL’s tax returns to state erroneously that it was incorporated on Jan 3, 1983. 8 The respective returns report that DDL’s assets and liabilities at the end of 1990 were $23,358 and $6,918, respectively, and at the end of 1991 were $23,891 and $3,588, respectively. The respective returns also reported that DDL had retained earnings of $3,940 and $7,803.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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