- 32 -
the collapsed gross income, taxable income, and tax liabilities
of Ahmed and of the nominee entities as stipulated by the parties
herein.
1997 1998
Aggregated Collapsed Aggregated Collapsed
Ahmed Reported Stipulated Reported Stipulated
Gross Income $2,562,506 $2,557,113 $5,493,205 $6,277,825
Taxable Income 181,236 402,378 940,834 2,255,213
Tax Liability 36,896 133,652 257,153 866,668
Based on the above stipulated (and for 1997 and 1998 the
collapsed) income and expense amounts, the schedule below
reflects our calculations of the dollar amounts of, and the
percentages for, the understatements of gross income, of taxable
income, and of estimated tax liability that occurred on each of
Ahmed’s 1995, 1996, 1997, and 1998 Federal income tax returns.
Page: Previous 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 NextLast modified: May 25, 2011