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SCHEDULE C COMMISSION INCOME
Notice of deficiency
Commission income-1985 $67,749
Commission income-1986 32,383
Commission income-1987 - 0 -
Commission income-1988 - 0 -
Amounts conceded by petitioner
Commission income-1985
Account (Date of deposit)
Freedom (01/03/85) $500
Freedom (01/18/85) 18,562
Freedom (06/10/85) 500
Freedom (07/22/85) 10,530
Tucker (03/01/85) 157
Total 30,249
Commission income-1986*
Account (Date of deposit)
Freedom (01/08/86) $1,817
Freedom (01/17/86) 1,600
Freedom (04/10/86) 4,680
Freedom (06/20/86) 5,215
Freedom (07/24/86) 1,588
Freedom (08/01/86) 13,558
Freedom (08/25/86) 3,000
Freedom (10/03/86) 600
Freedom (12/12/86) 300
Total 32,358
*The amounts of commission income for 1986 were not part of respondent’s
reconciliation of Schedule C commission income; however, petitioner agrees to
respondent’s requested finding that he received those amounts as income in
1986.
Amounts in dispute
Commission income-1985
Account (Date of deposit)
Freedom (02/06/85) $37,500
Commission income-1986
None - 0 -
*The statutory notice of deficiency determined $32,383 as commission income
for 1986. However, on brief, respondent states $32,358 as the amount of
commission income for 1986. Respondent has apparently conceded the $25
difference between these two figures.
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