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During those years, no corporate bylaws for Native Skies, Inc.,
and no minutes of any meetings of Native Skies, Inc., existed.
During 1996 and 1997, Native Skies, Inc., did not file an annual
registration form with the Secretary of State and was not in good
standing in the State of Minnesota.4 Native Skies, Inc., did not
file any Federal income tax return, any Federal employment tax
return, or any information return with the Internal Revenue
Service for any of the years at issue. Nor did Native Skies,
Inc., issue any Form W-2 or any Form 1099 for any of those years.
During each of the years at issue, petitioner maintained a
business bank account in the name of Native Skies, Inc., at First
National Bank of the Lakes (petitioner’s corporate business bank
account). During each such year, petitioner deposited into
petitioner’s corporate business bank account business receipts
from petitioner’s sole proprietorship and withdrew from that
account funds to pay expenses associated with petitioner’s sole
proprietorship.
During each of the years at issue, petitioner and his spouse
maintained two personal joint bank accounts at First National
Bank of the Lakes (petitioner’s personal bank accounts). During
each month of each of the years at issue, between $3,000 and
4The deemed admissions and matters deemed stipulated indi-
cate that during 1995 Native Skies, Inc., did not file an annual
registration form with the Secretary of State and was not in good
standing in the State of Minn. Respondent acknowledges that that
deemed admission and deemed stipulation is not accurate.
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Last modified: May 25, 2011