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Ahmed denied having any connection to Macca, and Ahmed
provided inconsistent information to respondent’s agent about the
sources of funds used to purchase properties held in Macca’s
name.
Although Ahmed controlled and had signatory authority over
numerous personal bank accounts and bank accounts of the nominee
entities, Ahmed did not cooperate in producing to respondent’s
examining agent the bank records relating to the operation of the
pharmacies, the clinics, and the lab. Also, Ahmed instructed
Saghir not to cooperate in turning over bank records and other
records to respondent’s examining agent. Further, Ahmed failed
to acknowledge all of the bank accounts that he and his nominee
entities maintained or utilized.
Ahmed prepared or caused to be prepared and provided to
respondent a variety of false documents, such as minutes of
nonexistent corporate meetings and sham sales documents.
Notices of Deficiency
After respondent’s audit of Ahmed’s 1995, 1996, and 1997
individual Federal income tax returns and of K & M’s 1995 and
1996 corporate Federal income tax returns, and after the
preparation by respondent of a substitute tax return for Ahmed
for 1998, respondent determined the above Federal income tax
deficiencies against Ahmed for 1995, 1996, 1997, and 1998 and
against K & M for 1995 and 1996.
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