5 6 in February 2018, Tuming Heads was cited by the city for improper disposal of certain waste chemicals Samantha quind the propriety of the proposed fine of $2,000 and retained an attemey to present her the hearing. By pleading wooco w , the time was able to get the fine rechiced to 500. Samantha paid both the fire of $500 and the ancey's fee of in 2011 in August 2018, Samantha wanad in a trade publication that attracted the attention. The owner of a well-respected styling salon in Reading CPA) had died, and his estate was offering the business for sale Samantha traveled to Reading spent several days koking over the l ines including books and financial results), and with the execute Samantha treated the executar o dinner and a music concert inuediately after the concert, Samantha made an offer for the business, but the ex p ected her offer. Her expenses in connection with this trip were as folks temized ? Carret Motel (August 6-7 Entertainment of executor concert) audella Dinner with the questo Personal meals while traveling Joan Myers, one of Samantha's best stylists, left town in March 2017 to get away from a troublesome ex-husband. In order to help loan establish a siness else where, Samantha loaned her $7,000 Joan signed a ne dased March 3, 2017, Loic de that was payable in 1 year with the interest, On December 30, 2018, Samantha S leamed that Joan had been declared bankrupt and was awaiting trial on felony theft charges, Samantha never received any payments from Joan, nor does she expect to receive any payments in the future. 8 At Christmas, Samantha gave each of her 35 best customers a large bottle of body lotion. Each bottle had a wholesale cost to Samantha of $12 but a retail price of 5 $24. Samantha also spent $3 to have each bottle gift wrapped (No The lotion was special ander merchandise and was not part of the business's inventory or purchases for the years item 2 above. She also gave each of the nine stylists is a s alir who leased chairs from her a nak hasket that del en 9. In March 2018, the Pennsylvania Department of Revenue cited Samantha's state income tax returns for 2015 and 2016. She was assessed additional state income tax of $3-10 for these years. No interest was included in the assessment. Samantha cedult SCA paid the hack taxes in early April wu poud staking 10. On a moming walk in Newember 2014, Samantha was injured when she was side- tovce swiped by a delivery truck. Samantha was hospitalized for several days, and the driver of the truck was ticketed and charged with DUI. The owner of the trick a t ito a national parcel delivery service, was concerned that further adverse publicity might result if the matter went to court. Consequently, the owner offered Saman- tha a settlement if she would sign a release. Under the settlement, her medical expenses were paid and she would receive a cash award of $200,000. The award specified that the entire amount was for the physical pain she suffered as a result of the accident. Since she suffered no permanent injury, Samantha signed the release in April 2018 and received the $200,000 settlement late that summer. 11. In January 2018, Samantha was contacted by the state of Pennsylvania regarding a tract of Land she cwned in York County, The site intended to convert the property into a district headquarters, harracks, and training center for its highway patrol. Samantha had inherited the property from her father when he died on August 11, 2017. The property had a value of $10,000 on the date and had been purchased by her father on March 3, 1980, for $30,000. On July 25, 2018, after considerable discussions including the state's threat to initiate condemnation proceedings, she sold the tract to the state for $158.000. This transaction was reported on a Form 109 Since Samantha is not comfortable with real estate investments, she does not plan to reinvest any of the proceeds in another piece of Realty When her father died, Samanthu did not know that he had an insurance policy on his life maturity value of $50,000) in which she was named the Ineficiary. when her mother told her about the policy in July 2018, Samantha filed a claim inc with the carrier, Falcon Life Insurance Company. In November 2018, she received a check from Falcon for $51.500 which included $1.500 interest 13. Upon the advice of a client who is a respected broker, Samantha purchased 1.000 shares of common stock in Grosbeak Exploration for $40,000 on March 4, 2018 In the months following her purchase, the share value of Grosbeak plummeted. Disgusted with the unexpected erosion in the value of her investment, Samantha sold the stock for $20,000 on December 23, 2018. This transaction was reported on Form 1099-B with Samantha's basis correctly reported to the IRS 12 ha filed a claim interer 5 6 in February 2018, Tuming Heads was cited by the city for improper disposal of certain waste chemicals Samantha quind the propriety of the proposed fine of $2,000 and retained an attemey to present her the hearing. By pleading wooco w , the time was able to get the fine rechiced to 500. Samantha paid both the fire of $500 and the ancey's fee of in 2011 in August 2018, Samantha wanad in a trade publication that attracted the attention. The owner of a well-respected styling salon in Reading CPA) had died, and his estate was offering the business for sale Samantha traveled to Reading spent several days koking over the l ines including books and financial results), and with the execute Samantha treated the executar o dinner and a music concert inuediately after the concert, Samantha made an offer for the business, but the ex p ected her offer. Her expenses in connection with this trip were as folks temized ? Carret Motel (August 6-7 Entertainment of executor concert) audella Dinner with the questo Personal meals while traveling Joan Myers, one of Samantha's best stylists, left town in March 2017 to get away from a troublesome ex-husband. In order to help loan establish a siness else where, Samantha loaned her $7,000 Joan signed a ne dased March 3, 2017, Loic de that was payable in 1 year with the interest, On December 30, 2018, Samantha S leamed that Joan had been declared bankrupt and was awaiting trial on felony theft charges, Samantha never received any payments from Joan, nor does she expect to receive any payments in the future. 8 At Christmas, Samantha gave each of her 35 best customers a large bottle of body lotion. Each bottle had a wholesale cost to Samantha of $12 but a retail price of 5 $24. Samantha also spent $3 to have each bottle gift wrapped (No The lotion was special ander merchandise and was not part of the business's inventory or purchases for the years item 2 above. She also gave each of the nine stylists is a s alir who leased chairs from her a nak hasket that del en 9. In March 2018, the Pennsylvania Department of Revenue cited Samantha's state income tax returns for 2015 and 2016. She was assessed additional state income tax of $3-10 for these years. No interest was included in the assessment. Samantha cedult SCA paid the hack taxes in early April wu poud staking 10. On a moming walk in Newember 2014, Samantha was injured when she was side- tovce swiped by a delivery truck. Samantha was hospitalized for several days, and the driver of the truck was ticketed and charged with DUI. The owner of the trick a t ito a national parcel delivery service, was concerned that further adverse publicity might result if the matter went to court. Consequently, the owner offered Saman- tha a settlement if she would sign a release. Under the settlement, her medical expenses were paid and she would receive a cash award of $200,000. The award specified that the entire amount was for the physical pain she suffered as a result of the accident. Since she suffered no permanent injury, Samantha signed the release in April 2018 and received the $200,000 settlement late that summer. 11. In January 2018, Samantha was contacted by the state of Pennsylvania regarding a tract of Land she cwned in York County, The site intended to convert the property into a district headquarters, harracks, and training center for its highway patrol. Samantha had inherited the property from her father when he died on August 11, 2017. The property had a value of $10,000 on the date and had been purchased by her father on March 3, 1980, for $30,000. On July 25, 2018, after considerable discussions including the state's threat to initiate condemnation proceedings, she sold the tract to the state for $158.000. This transaction was reported on a Form 109 Since Samantha is not comfortable with real estate investments, she does not plan to reinvest any of the proceeds in another piece of Realty When her father died, Samanthu did not know that he had an insurance policy on his life maturity value of $50,000) in which she was named the Ineficiary. when her mother told her about the policy in July 2018, Samantha filed a claim inc with the carrier, Falcon Life Insurance Company. In November 2018, she received a check from Falcon for $51.500 which included $1.500 interest 13. Upon the advice of a client who is a respected broker, Samantha purchased 1.000 shares of common stock in Grosbeak Exploration for $40,000 on March 4, 2018 In the months following her purchase, the share value of Grosbeak plummeted. Disgusted with the unexpected erosion in the value of her investment, Samantha sold the stock for $20,000 on December 23, 2018. This transaction was reported on Form 1099-B with Samantha's basis correctly reported to the IRS 12 ha filed a claim interer