- 6 -
December 2, 1996. The IRS received the 1991 return on
December 5, 1996. Martinez prepared the 1991 return.
On their joint income tax return for 1992 (1992 return),
petitioner and intervenor reported the following sources of
income and loss:
Source Amount of Income (Loss)
Taxable interest $290
Dividends 5,041
Net short-term capital gain 6,243
Long-term capital loss carryover (70,107)
Other losses (5,381)
Universal Painters 252,847
Atrium Homes & Development (40,813)
Petitioner and intervenor received the dividends that they
reported on the 1992 return from the following sources:
“Founders Money Market” and “Bedford Money Market”. Petitioner
and intervenor reported taxable income of $184,961 and total tax
of $50,089 for 1992. Petitioner and intervenor signed the 1992
return on December 2, 1996. The IRS received the 1992 return on
December 5, 1996. Martinez prepared the 1992 return.
On their joint income tax return for 1993 (1993 return),
petitioner and intervenor reported the following sources of
income and loss:
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011