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involvement, “in the big picture”, was generally “fairly rare”.
Petitioners did not keep any records with respect to the time
they devoted to Malone Music during the years in issue.
Progress reports and payment records for the students of
Malone Music were maintained by H and R. Certain aspects of
Malone Music’s financial activities were recorded using a
commercial computer software program (the program) that was also
used for petitioners’ personal finances. With respect to Malone
Music, the program was used to record information rather than to
generate financial statements or other analytical reports.
Petitioners pay for music lessons and purchase musical
instruments for the Malone children. The quantity and the
quality of the musical instruments purchased by petitioner depend
on the financial performance of petitioner’s law practice. When
petitioner’s law practice is profitable, petitioner looks for
“good quality instruments” to purchase. As of the date of trial,
the musical instruments purchased by petitioner include: Two
Steinway pianos, an upright piano, eight violins, a viola, a
harp, a trumpet, three guitars, and two banjos. The musical
instruments are used by all of the Malone children in their music
lessons and practice, as well as by H and R in their capacities
as Malone Music instructors.
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Last modified: May 25, 2011