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two 2000 Nissan Xterras were purchased, one for decedent and the
other for Mr. Greene. Decedent paid property taxes and insurance
costs associated with the Simi Valley property. Mr. Greene did
not pay rent but contributed towards general maintenance
expenses.
Ms. Carnette came to California in March of 2002 and
assisted decedent in moving back to Florida. After returning,
decedent purchased a house at 24140 Powell Road in Brooksville,
Florida, which served as her principal residence until her death.
Decedent also acquired property, apparently indirectly through a
corporation, in Sint Maarten, Netherlands Antilles.
Tax Reporting and Examination
First Southwest Company issued a “2000 COMPOSITE STATEMENT
OF 1099 FORMS” with respect to the Valdes & Moreno account. The
document was issued to “FRANCES ELAINE FREEDMAN & ERNEST GREENE
JTWROS” at the Simi Valley address and reflected decedent’s
Social Security number. It showed interest of $1,261.18 and
total gross proceeds less commissions from the eConnect sales of
$2,974,392.38.
In March of 2001, James E. Gill (Mr. Gill), a certified
public accountant in California, met with decedent and Mr. Greene
regarding preparation of decedent’s personal income tax return
for 2000. Using information supplied by decedent and/or Mr.
Greene, Mr. Gill completed decedent’s Form 1040, U.S. Individual
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Last modified: May 25, 2011