Question
Steve Jones/Gary Grille Case Study Scenario: You have been assigned a job of completing an income tax investigation of famous chef, Gary Grille (whose real
Steve Jones/Gary Grille Case Study Scenario: You have been assigned a job of completing an income tax investigation of famous chef, Gary Grille (whose real name is Steve Jones). Gary is known for bringing to a life a couple of his Grille it All restaurants within the United States and along with his own TV show Grilling with Gary. Another agent has gathered the necessary documents and completed the interviews related to the case.
Directions: Using the following facts, you need to complete a net worth computation for Joness income for the years 2019-2021 arriving at the figure for funds from unknown sources each year.
Jones paid personal credit card charges as follows:
o 2019 - $30,131.20
o 2020 - $40,782.10
o 2021 - $60,546.45
During the interview with Jones, he admitted that he and his wife always have at least $2,000 in cash on hand.
In 2018, the real estate transfer tax for his home was $12,500 and the transfer tax for his restaurants was $10,000
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