- 10 -
Hoover paid petitioner for the excess of goods and services
provided by petitioner as follows:
Year Goods and
Service Provided Amount Date Check Issued
1990 $5,569.32 2/1/91
1991 7,598.75 1/22/92
1992 4,743.32 2/3/93
Interest Income
In 1990, 1991, and 1992, petitioner received interest income
as follows:
Source 1990 1991 1992
Bank One $583 -- --
Fidelity Federal 188 -- --
First Merchants Bank 139 $814 $512
Bureau of Public Debt -- 80,468 --
(U.S. savings bonds)
Ft. Wayne National -- -- 6,317
Bank CDs
Lafayette Life Ins. Co. -- -- 13
Tucker Land Contract 2,930 2,339 1,942
Total 13,840 83,621 8,784
1 The parties have stipulated that petitioner received
interest income of $3,979 in 1990. For purposes of this opinion,
we shall use $3,840 as the amount of petitioner’s 1990 interest
income.
Tax Returns
Petitioner timely filed Forms 1040, U.S. Individual Income
Tax Return, for the years 1989, 1990, 1991, and 1992. Joyce
Rouse, a tax return preparer at H&R Block, prepared petitioner’s
1989 and 1990 returns. Petitioner provided Ms. Rouse with lists
of his total income and expenses, but he did not have supporting
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011