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During the 1994 taxable year, Half Moon Bay issued eight
checks payable to “Sam Kong”, “Sam Kong Fashions”, or “Sam Kong
Fashions, Inc.”, for sewing services rendered by Sam Kong
Fashions. These checks totaled $24,203.75. Only three of these
checks, totaling $11,664, were deposited into Sam Kong Fashions’s
First Fidelity account. Seven of the eight checks were payable
to either “Sam Kong Fashions” or “Sam Kong Fashions, Inc.”;
however, five of these checks were not deposited into Sam Kong
Fashions’s First Fidelity account.
In 1995, Half Moon Bay issued one check in the amount of
$3,000 payable to Sam Kong Fashions, Inc., which Sam Kong
Fashions deposited into its First Fidelity account.
During the taxable year 1995, East West issued three checks,
totaling $10,226.96, payable to either “Sam Kong” or “Sam Kong
Fashions, Inc.” Sam Kong Fashions deposited all three checks
into its First Fidelity account.
In 1994 and 1995, Mr. Kong maintained a personal checking
account at Mellon Bank. In 1994, 16 checks issued by Style
Setter, totaling $213,264.65, were deposited into Mr. Kong’s
personal account at Mellon Bank. Also in 1994, two checks issued
by Half Moon Bay, totaling $4,832.50, were deposited into Mr.
Kong’s personal checking account at Mellon Bank. One of the Half
Moon Bay checks was payable to “Sam Kong Fashions, Inc.”
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Last modified: May 25, 2011