- 17 - any items that were listed on deposit tickets totaling $300 or more that were deposited to the Mansours’ personal bank account at SunTrust Bank (SunTrust) for that year. In determining the Mansours’ income for 1998 and 1999, the IRS summonsed and evaluated copies of the bank statements from, checks written for $1,000 or more on, and any items that were listed on deposit tickets totaling $300 or more that were deposited to the Mansours’ personal bank account at SunTrust for those years. During the examination of the Mansours’ bank records, the IRS requested that the Mansours provide documentation and explanations as to any nontaxable items that were deposited to their personal bank accounts. The IRS received information about Mina of Sanford’s shareholder loan account in response to those requests. The examination of the Mansours’ income tax returns for 1996 through 1999 and the evaluation and analysis of their bank records and other information spanned 2 years and consumed more than 300 hours of revenue agent time. Results of the Examination of the Mansours’ Income Tax Returns A. 1996 The IRS made the following determinations with respect to the Mansours for 1996:Page: Previous 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Next
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