Walter L. Medlin - Page 86

                                       - 169 -                                        
               Unidentified deposits-1988                                             
               Account (Date of deposit)                                              
               Freedom (03/24/88)       $33,000                                       
          Amounts in dispute                                                          
               Unidentified deposits-1985                                             
               Account (Date of deposit)                                              
               Tucker (03/12/85)        $59,000                                       
               Unidentified deposits-1986                                             
               Account (Date of deposit)                                              
               Freedom (05/06/86)       $300                                          
          Ledger (09/16/86)        84,522                                             
          Ledger (10/10/86)                 300                                       
               Total                    85,122                                        
               Unidentified deposits-1987                                             
               Account (Date of deposit)                                              
               Tucker (04/09/87)        $67,740                                       
               Unidentified deposits-1988                                             
               Account (Date of deposit)                                              
               Ledger (07/08/88)        $140,000                                      

                         SCHEDULE C NATIONAL LAND COMMISSION INCOME                   

          Notice of deficiency                                                        
               Natl. Land Commissions-1985$4,607                                        
               Natl. Land Commissions-1986   598                                      
          Amounts conceded by respondent                                              
               Natl. Land Commissions-1985$4,607*                                       
          *According to respondent’s concession, this is a net amount composed of     
          commission income received from, and commission expenses paid to, National  
          Land.  Respondent is actually conceding commission income of $8,873; which  
          eliminates the $4,607 adjustment in the notice of deficiency and results in a
          negative adjustment of $4,266 ($4,607 - $8,873).                            
          Amounts in dispute                                                          
               Natl. Land Commissions-1985- 0 -                                         
               Natl. Land Commissions-1986   $598                                     













Page:  Previous  155  156  157  158  159  160  161  162  163  164  165  166  167  168  169  170  171  172  173  174  Next

Last modified: May 25, 2011