Maureen Monsour - Page 15

                                        - 15 -                                        

                            1989     Original    1991      1992      1993             
                            Joint   1990 Joint   Joint     Joint     Joint            
                            Return    Return    Return     Return    Return           
               Wages,      $260,128  $267,160   $153,375 $105,990   $94,594           
           salaries, tips,                                                            
                etc.                                                                  
               Taxable     151,395   71,777     17,679   3,830      1,184             
           interest income                                                            
           Dividend income552        435        645      --        -–                 
           Business income(187,336)  (177,287)  (165,526)   (27,912)(24,275)          
            or (loss) from                                                            
              Schedule C                                                              
            Capital gain   7     --      --        --         --                      
            distributions                                                             
             Taxable IRA    --   --   --   23,968  21,090                             
            distributions                                                             
               Taxable    2,000      1,189      0        --    20,898                 
            pensions and                                                              
              annuities                                                               
               Rents,     (334,910)  193,578    40,882   (58,533) (156,563)           
              royalties,                                                              
            partnerships,                                                             
              estates,                                                                
            trusts, etc.,                                                             
           from Schedule E                                                            
            Other income   255       253        --       --     42,100                
            Total income  --         357,105    47,055   44,343      (972)            
              Total tax   --         36,370     0        1,650       350              
            Total payments 3,134     1,657      0        445        76                
               of tax                                                                 
            Amount of tax  --         134,713   0          21,255      3274           
                due                                                                   
               1When petitioner and Mr. Monsour filed their original 1990 joint return,
          they did not pay the amount of tax shown due in that return.                
               2When petitioner and Mr. Monsour filed their 1992 joint return, they paid
          the $1,255 of tax shown due in that return.                                 
               3When petitioner and Mr. Monsour filed their 1993 joint return, they paid
          the $274 of tax shown due in that return.                                   
               Schedule C, Profit or Loss From Business (Schedule C),                 
          included as part of each of the joint returns for the taxable               
          years at issue showed the following net profit or (loss) with               
          respect to the following businesses:                                        









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Last modified: May 25, 2011