RESERRe-Entry System Evaluation Radar
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WENTWOOD RESER VOIR 01291 425158 THE new season has got off to a great start and this week 302 rainbows were caught.
In 1991, the IRS issued a notice of deficiency, disallowing all of the DRPC deductions the Resers had claimed for 1987 and 1988.
The Tax Court upheld the IRS determination that the loan was made to DRPC and that Don Reser did not have enough basis to claim the deductions, assessing penalties on both Resers for negligent, substantial understatements of tax and or failure to file on time.
While the Resers were married, Rebecca advanced significant amounts of her personal funds for DRPC's operating expenses and knew her husband had obtained a line of credit from the bank.