T.C. Memo. 1997-388
UNITED STATES TAX COURT
RONALD E. REED, Petitioner v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 29376-91. Filed August 25, 1997.
R determined deficiencies in and additions to tax
on account of petitioner’s omissions of income from
illegal drug activities.
1. Held: Petitioner failed to prove that the
source of certain expenditures was other than illegal
drug activities.
2. Held, further, petitioner substantially
understated his income tax liability for 2 of the years
in question.
3. Held, further, respondent proved fraud for
each of the years in question.
4. Held, further, petitioner is liable for self-
employment taxes.
Ronald E. Reed, pro se.
Sandra M. Jefferson, for respondent.
Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Next
Last modified: May 25, 2011