- 11 -
$70,000 payment made to Property Resources, by check No. 1027,
for taxable year 1999 to petitioner.
Mr. McGlothlin stated that petitioner, whom he personally
knew for 18 years, was a friend of the owners of Krismon Buttes,
and petitioner provided marketing services to Krismon Buttes.
At trial, respondent’s counsel asked petitioner whether she
provided marketing services to Krismon Buttes during 1999.
Petitioner responded: “I do not provide services personally
myself. That was through Speck Trust.”
The original 1999 Schedules K-1 from National Land Bank for
both Speck and petitioner listed their address and National Land
Bank’s as 20 North Gilbert Road, Gilbert, Arizona, 85234.
However, when National Land Bank filed its amended Form 1065 for
1999, Speck’s address was changed to 5804 W. Vista Drive #347,
Glendale, Arizona 85301. For 2000, Schedules K-1 for Speck and
petitioner did not list their respective addresses although the
Form 1065, Schedule K-1 instructions, and the form respectively
required and provided space for those addresses. See sec.
1.6031(b)-1T(a)(3)(ii), Temporary Income Tax Regs., 53 Fed. Reg.
34491 (Sept. 7, 1988).
C. Nature’s Herb & Tea Garden
For 1999 and 2000, respondent contended that petitioner
operated a business named Nature’s Herb & Tea Garden. Respondent
provided copies of numerous checks written during the relevant
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