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Source Amount of Income
Wages $9,300
Taxable interest 1,545
Dividends 1,000
Capital gains 245
Rental property 4,504
Mansour Enterprises 9,044
Mina of Forest City 10,454
Mina of Deland 2,064
Mina of Sanford 10,524
Shenody 5,133
Bishoy 6,575
The Mansours reported taxable income of $27,204 and total tax of
$4,084 for 1996. The Mansours identified Mansour Enterprises,
Mina of Forest City, Mina of Deland, and Mina of Sanford as
S corporations on this return. The IRS received the Mansours’
1996 return on September 28, 1998, in an envelope that was
postmarked September 25, 1998. Tax Aid & Accounting, Inc.,
prepared the Mansours’ 1996 return.
On their joint income tax return for 1997, the Mansours
reported the following sources of income:
Source Amount of Income
Taxable interest $98
Dividends 68
Capital gains 2,343
Gambling winnings 2,500
Rental properties 5,650
Mansour Enterprises 12,000
Mina of Forest City 24,202
Mina of Sanford 42,053
Mansour’s of Mt. Dora 8,000
The Mansours reported taxable income of $52,130 and total tax of
$9,239 for 1997. The Mansours identified Mansour Enterprises,
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