Leo and Alla Goldberg - Page 2

                                         -2-                                          
          Opinion . . . . . . . . . . . . . . 24                                      
          Fraud  . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25           
          Unreported Income--Bank Deposits . . . . . . . . . . . . . . . 31           
          Unreported Income--Like-Kind Exchange  . . . . . . . . . . . . 32           
          Unreported Income--Unemployment Compensation . . . . . . . . . 34           
          Unreported Income--Kortava . . . . . . . . . . . . . . . . . . 34           
               Mercedes  . . . . . . . . . . . . . . . . . . . . . . . . 37           
               Saddle Rock and Martis Landing  . . . . . . . . . . . . . 38           
          Unreported Income--Deeds in Lieu of Foreclosure  . . . . . . . 42           
          Unreported Income--Interest  . . . . . . . . . . . . . . . . . 45           
          Schedule C Income--1990  . . . . . . . . . . . . . . . . . . . 45           
               Business School . . . . . . . . . . . . . . . . . . . . . 46           
               Vehicle Resale Business . . . . . . . . . . . . . . . . . 46           
          Schedule C Expenses--1991  . . . . . . . . . . . . . . . . . . 48           
               Vehicle Resale Business . . . . . . . . . . . . . . . . . 48           
               Business School . . . . . . . . . . . . . . . . . . . . . 50           
          Unreported Income--Chorny  . . . . . . . . . . . . . . . . . . 51           
          15 Hastings--Option Payment  . . . . . . . . . . . . . . . . . 52           
          15 Hastings--Lease Versus Sale . . . . . . . . . . . . . . . . 55           
          Unreported Income--Clerical Fee  . . . . . . . . . . . . . . . 59           
          Section 6651(a)(1) Addition to Tax . . . . . . . . . . . . . . 59           
          Section 6662(a) Penalty  . . . . . . . . . . . . . . . . . . . 60           

                       MEMORANDUM FINDINGS OF FACT AND OPINION                        
               COHEN, Chief Judge:  Respondent determined deficiencies in,            
          additions to, and penalties on petitioners' income taxes as                 
          follows:                                                                    
                                   Additions to Tax and Penalty                       
                                   Sec.           Sec.           Sec.                 
          Year      Deficiency     6651(a)(1)     6653(b)(1)     6663                 
          1988      $108,150       ---            $81,044        ---                  
          1990      108,277        $27,069        ---            $81,208              
          1991      1,926          29,349         ---            86,945               
          In the alternative to fraud, respondent determined that                     
          petitioners were liable for the section 6653(a) addition to tax             
          for negligence for 1988 and the section 6662(a) accuracy-related            
          penalty for 1990 and 1991.  Unless otherwise indicated, all                 
          section references are to the Internal Revenue Code in effect for           



Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011