- 7 - find the amount of compensation (if any) that Dr. Durante’s PC reportedly paid Dr. Durante in 1997. E. Dr. Capizzi During 1993 and 1994, Dr. Capizzi’s PC reportedly paid Dr. Capizzi compensation of $609,000 and $719,001, respectively. The Capizzis’ corresponding Federal income tax returns included those amounts in gross income. During 1996 through 2003, Dr. Capizzi’s PC reportedly paid Dr. Capizzi compensation of $336,240, $240,070, $272,043, $294,601, $293,331, $190,271, $194,130 and $148,423, respectively. The Capizzis’ corresponding Federal income tax returns included those amounts in gross income. The record does not allow the Court to find the amount of compensation (if any) that Dr. Capizzi’s PC reportedly paid Dr. Capizzi in 1995. III. VRD/RTD A. General Information VRD/RTD was formed as a partnership on July 1, 1982, under the laws of New York. VRD/RTD provided medical and surgical services to its patients through the doctors and operated under the name “South Shore Surgical Specialists”. VRD/RTD reported its income and expenses for Federal income tax purposes using the cash receipts and disbursements method. VRD/RTD filed 1993 and 1994 Forms 1065, U.S. Partnership Return of Income, for its taxable years ended December 31, 1993 and 1994, respectively.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 NextLast modified: March 27, 2008