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2. Held, further, P is liable for fraud additions to
tax for 1985 and 1986. Sec. 6653(b)(1), I.R.C. 1954; sec.
6653(b)(1)(A), I.R.C. 1986.
3. Held, further, P is liable for additional
additions to tax for 1985 and 1986 based on the portions of
the deficiencies attributable to P’s fraud; amounts
determined. Sec. 6653(b)(2), I.R.C. 1954; sec.
6653(b)(1)(B), I.R.C. 1986.
4. Held, further, P is liable for negligence
additions to tax based on the portion of the 1986 deficiency
that is not attributable to fraud; amounts determined. Sec.
6653(a)(1), I.R.C. 1986.
5. Held, further, amounts of deficiencies
redetermined.
6. Held, further, P is not entitled to innocent
spouse treatment. Sec. 6013(e), I.R.C. 1986.
Robert D. Grossman, Jr., pro se.
Stephen L. Braga and Eric F. Horvitz, for petitioner.
John C. McDougal, for respondent.
TABLE OF CONTENTS
MEMORANDUM FINDINGS OF FACT AND OPINION................ 4
FINDINGS OF FACT....................................... 7
A. Background..................................... 7
B. Sley Corporations.............................. 10
1. Background.................................. 11
2. Investments................................. 12
3. Daily Operations: 1980 through March 1986.. 19
4. Daily Operations: After March 1986......... 28
C. Salaries and Dividends......................... 30
D. Travel and Entertainment Expenses.............. 32
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