Alex and Tonja Oria - Page 4
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performed all duties connected with its business. Mr. Oria is a
college graduate, with a degree in business.
Robert A. Loeser
Robert A. Loeser (Mr. Loeser) is a certified public
accountant with extensive experience in preparing tax returns.
In December 1999, petitioners hired him to resolve an employment
tax problem and to prepare tax returns for themselves and for
Medico. Mr. Loeser set up Medico’s general ledger (the general
ledger). He, or a member of his staff, made entries in the
general ledger for 2000. Mr. Loeser prepared the Form 1040; he
also prepared the Form W-2, Wage and Tax Statement, issued by
Medico to Mr. Oria for 2000, Medico’s 2000 Form 1120, U.S.
Corporation Income Tax Return, and Medico’s quarterly employment
tax returns for 2000.
The Form 1040
The Form 1040 was erroneous, and taxable income as reported
thereon is to be increased on account of the following items:
Checks received from Medico
not reported on Form 1040 $248,524
Personal charges on American
Express Card paid by Medico 32,580
Deposits of Medico receipts,
net of payments on Medico’s
behalf, in personal bank
Golf club dues and charges
paid by Medico 5,150
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Last modified: November 10, 2007