ÿWPC, ³¿௠¥Âb¶wæo§+úï:`ùŸíÌþˆÓè2‘¾tŽ‘Y‡8rÈ´¼"KoÃmáÚ•j¼ê“Þ™›*0ÄgdÜÇ]Ôž.)Ò¥ðß}ÚÉ,ðrLQÂú‚ÇTÈë%”.êlñv¤•n‰‰ÔùõÏR(&'‡^³±ð‰³b‘RÙpz)|òÃ*µPì¯,ÉÝö¤­ùñ È1C56?üyuÎdÊÇãʬ¢¥ ¿eèîÆ l’ ú‚7Jo["%O&ƒóIr™+“LÄ!&;öÖaÐcŽ(,A„tuAdXpKãOê6ˆ@ÏÃÒûèúf‘·± .¹:ˆ_\lèìÑ–NÃ-JEg{Çfã¤ÖŒŒYÊx\ôÕ„¸}A½’ƒúؼváܺ£¬·ÿÓ×ÙÆæÃØqæOŒ»ÚP¶†_4<⨨ʵ{‰|ÜO D}f.–ןm™2©Ùºïb|B߈~ÝpW’íÓéÄÉjÄ ¶uUÚ`ÒEü¾¤etµùÆP\{GzçéBdçm×Bé8‚ý*ƒ„ýÌ´³¶_Ϻ‚)Fû'‚>•gT‹šQFÚù0¾YXòRì*ó‚ÚÒŒ¯d% J›)# >UNI %— 0(U:Åw@ÿ4?Sxb 0ÉÚ 0D£ U:ç ! „® U:2$l¾U:NU :ˆ AQÂÆ 0Dá(%U:MMMMMML‡Ó-Û 0D 0DLL D/ B¿ BÜ D3ù˜HP LaserJet 4SiHPPCL5MS,ü,,,,,ü0nLlÎ(ÈhH  Z 6Times New Roman RegularX($¡¡, øð AZ"Arial Regular È É gÊ îË UÌ Í gÎ DÏ UÐ Ó€Ü n~<$x3|xÜ  nÝ ƒ Ws$ÝÓ  ÓÔ€X 2XXXÔÔ€ôôôXX 2ÔÔ€ ôôôôôôÔÔ€ ôôôô ôôÔÚ  Ú2Ú  Ú.€€Ý  ÝNotes€and€other€evidences€of€indebtedness€received€in€payment€for€services€are€includable€in€grossÐ ° Ðincome€for€individual€federal€income€tax€purposes.€€Treas›.€Reg.€ðð€1.61„2(d)(4).€€Makris€reported€the€earlierÏ$26,750€that€was€earned€from€August€1987€through€December€1988€as€taxable€income.€€œHe›€did€not,€however,Ïreport€any€subsequent€amounts€of€unpaid€accrued€income€(as€a€note€payable)€as€taxable€income.€œ›(ˆWs$¤¤Ó  ÓÔ€X 2XXXÔÔ€ôôôXX 2ÔÔ€ ôôôôôôÔÔ€ ôôôô ôôÔÚ  Ú1Ú  Ú.€€(#Ã$òòÚ  Ú0Ú  Úóó,c½¬AZ‹"Arial Regular ƒÝ ƒ Ws$ÝÓ  ÓÔ€X 2XXXÔÔ€ôôôXX 2ÔÔ€ ôôôôôôÔÔ€ ôôôô ôôÔÚ  Ú1Ú  Ú.€€Ý  ÝThe€amount€of€ð ðunpaid€salaryðð€for€1989€that€was€listed€on€the€spreadsheet€was€$21,000,€which€representsÐ ° Ð$500€per€week€minus€the€$500€per€month€that€Makris€already€received.€ zÝ ƒ Ws$ÝÓ  ÓÔ€X 2XXXÔÔ€ôôôXX 2ÔÔ€ ôôôôôôÔÔ€ ôôôô ôôÔÚ  Ú3Ú  Ú.€€Ý  ÝÔ‡ôôôô ôôÔInterestingly,€both€the€December€1991€and€the€December€1996€balance€sheets€also€failed€to€account€forÐ ° Ðunpaid€accrued€interest€on€amounts€owed€to€the€partners.€€As€mentioned€earlier,€however,€such€interest€onÏany€amounts€owed€to€partners€undisputedly€accrued€at€a€rate€of€ten€percent€per€annum.€Ô#† ôôôôôô¼#ÔÔ‡ X 2Xô ôôÔÔ#† ôôôX X 28#Ô,c½¬AZ‹"Arial Regular Ý ƒ Ws$ÝÓ  ÓÔ€X 2XXXÔÔ€ôôôXX 2ÔÔ€ ôôôôôôÔÔ€ ôôôô ôôÔÚ  Ú4Ú  Ú.€€Ý  ÝThe€resident€manager€received€$75€per€week€salary€plus€an€apartment,€valued€at€$400€per€month. ´Ý ƒ Ws$ÝÓ  ÓÔ€X 2XXXÔÔ€ôôôXX 2ÔÔ€ ôôôôôôÔÔ€ ôôôô ôôÔÚ  Ú5Ú  Ú.€€Ý  ÝÔ‡ôôôô ôôÔAs€further€support€of€for€our€conclusion,€we€note€that€Kaposððs€testimony€from€the€Vavouris€lawsuit,€whereinÐ ° ÐKapos€stated€that€Makris€had€been€earning€$500€per€week€salary,€was€given€at€a€time€òòprioróó€to€the€employmentÐ xÈ Ðof€a€resident€manager.€€We€also€note€that,€even€though€Makris€clearly€continued€providing€managerialÏservices€òòafteróó€the€employment€of€a€resident€manager,€he€also€continued€receiving€$500€per€month€for€hisÐ X Ðservices.€€Last,€we€note€that€Kapos€also€provided€managerial€and€maintenance€services,€though€to€a€lesserÏdegree,€throughout€most€of€the€period€in€question€(from€January€1989€through€November€1993).Ô#† ôôôôôô¼#Ô,kû¤AZ‹"Arial Regular, øð AZ‹"Arial Regular"#%Cþÿ<< CÿÿƒLevel 1Level 2Level 3Level 4Level 5(3¯$¢¢Ý ƒ!ÝÝ  Ý Ý ƒ¯"ÝÝ  ÝÔ€XÎXXXÔÔ€±XXÎÔÓ  ÓÔ Ad ÔFILEDÔ€XÎX±ÔÐ  ÐÌò òDecember€4,€1998Ð šš ÐÌCecil€Crowson,€Jr.ÌÔ€ôNùôXXÎÔAppellate€Court€Clerkó ó,c½¬AZ‹"Arial RegularC:\OFFICE\WPWIN\TEMPLATE\STANDARD.WPT #Ñ#€iXÿÿd#Ñ(3¯$££Ý ƒ!ÝÝ  Ý($$””ò òÚ  Ú1Ú  Úó ó'''÷ÿ dxd düÿP Pd&&&&'ÿÿdxdÝ ƒ!ÝÝ  ÝñÉ ñ›ñÉ ñÔ€XìoXXXÔÑTR[  AØ'ÿ Legal3Ø' AØ'ÿ Legalÿ3Ø'TÑñÉ ñÑ7€ òXXdðdÈ7ÑñÉ ñòò›Ó  ÓñÈ ñÓÓñÈ ññÜ ñœñÜ ñóóñÉ ñœñÉ ññÉ ñÑ7€L¸XXdðXXdð7ÑœñÉ ññÊ ññÉ ñœñÉ ññÊ ññÍ ñÑ€!;ÑñÍ ññÐ ñ›ñÐ ññÜ ññÐ ñßr€(<,(j 8` `€€@Eȱ` ttx$°ð ÕrßñÐ ññÐ ñ›ñÐ ññÊ ñ›ñÊ ññÊ ñ›ñÊ ññÜ ññÜ ñ›ñÜ ññÊ ñà@g g ìàò òIN€THE€COURT€OF€APPEALS€OF€TENNESSEEˆÐ ° Ðà@bb%ìàAT€JACKSONˆÌñÊ ññÜ ñœßt€(>.*jx¬´` `€€@ELD` ttx$„( ˆ tß›ñÜ ññÊ ñÌñÊ ññÊ ñÌñÊ ññÊ ñSTEVE€MAKRIS,à ¸ àà  àà h àà À à)€€Ð pÀ ÐñÊ ññÊ ñà  àà ` àà ¸ àà  àà h àà À à)ÌñÊ ññÊ ñà  àà ` àó óPlaintiff/Appellant,à h àà À àò ò)€€Shelby€Chancery€No.€106635„1€R.D.Ð P   Ðà  àà ` àà ¸ àà  àà h àà À à)ÌVS.à  àà ` àà ¸ àà  àà h àà À à)€€Appeal€No.€02A01„9712„CH„00318Ð 0 € Ðà  àà ` àà ¸ àà  àà h àà À à)ÌBOB€KAPOS,à ¸ àà  àà h àà À à)Ð `  Ðà  àà ` àà ¸ àà  àà h àà À à)Ìà  àà ` àó óDefendant/Appellee.à À àò ò)ó óÐ ð@  ÐÌÌà@bbìàAPPEAL€FROM€THE€CHANCERY€COURT€OF€SHELBY€COUNTYˆÌà@ææ ìàAT€MEMPHIS,€TENNESSEEˆÌà@( ( ìàTHE€HONORABLE€NEAL€SMALL,€CHANCELLORˆÌÌÌÌÌÌÌÌò òJAMES€A.€JOHNSON,€JR.Ð  p ÐHANOVER,€WALSH,€JALENAK€&€BLAIR,€PLLCó óÐ ` ÐMemphis,€TennesseeÌAttorney€for€AppellantÌÌÌÌò òLEO€BEARMAN,€JR.Ð °"  ÐBAKER,€DONELSON,€BEARMAN€&€CALDWELL,€P.C.Ìó óMemphis,€TennesseeÐ $à" ÐAttorney€for€AppelleeÌÌÌÌÌÌÌÌò òREVERSED€AND€REMANDEDÐ -P(+ ÐÌÌÌÌÌÌÌó óà  àà ` àà ¸ àà  àà h àà À àà  àà p àà È àò òALAN€E.€HIGHERS,€J.Ð €4Ð/3 ÐÌÌÌCONCUR:ÌÌW.€FRANK€CRAWFORD,€P.J.,€W.S.ÌÌñÊ ññÐ ññÊ ñÑ!;ÑÑ7€œ^XXdðXXdð7ÑÑ  ÑÑ!;ÑÑ#€iXÿÿd#ÑÑ  ÑñÊ ññÐ ññÊ ñDAVID€R.€FARMER,€J.ó óñÊ ñà  àœñË ñÐ