- 3 - petitioner and Allan. Allan was not a mortician; however, he had a background in business, and he was responsible for the business operations of the home, which included maintaining the books and records and providing all information necessary to the accountant who prepared petitioner's income tax returns. The funeral home has never been incorporated as a business entity. Sometime in 1981 or 1982, Allan developed a drug dependency, and, as petitioner testified, "we had to send him away to treatment." At that time, Allan conveyed his interest in the funeral home to petitioner, and petitioner has since been the sole owner of the home. Upon his return from treatment for his drug addiction, Allan resumed his employment with the funeral home. At some point in time, Allan resumed his dependency on drugs, unbeknownst to petitioner. Petitioner's time and attention were devoted exclusively to conducting funerals and performing other attendant services. He was not involved in the recordkeeping or business end of the funeral home operation. He relied on his brother for that, although he occasionally reviewed the list of people who owed money to the home and directed the issuance of reminder notices to such delinquents. Allan compiled all the necessary information upon which the accountant annually prepared petitioner's income tax returns, which included the operations of the funeral home on Schedule C, Profit or Loss From Business.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 Next
Last modified: May 25, 2011