-15-
Petitioner filed tax returns for about 20 years until 1979,
and then he stopped filing tax returns. His failure to file tax
returns since then is intentional.
Petitioner’s most clearly stated explanation is that he was
paid in Federal Reserve Notes, which are not lawful money and
which are worthless. Yet, petitioner used the supposedly
worthless Federal Reserve Notes to pay his expenses. We do not
believe petitioner really thought that the Federal Reserve Notes
were worthless.
Petitioner worked for 24 years as a substitute rural carrier
for the USPS, and from 1992 onward as a full-time rural carrier.
Evidently, petitioner also had worked for another employer at
some time--during 1993 he received $15,720 in pension
distributions. We do not believe petitioner would have continued
for so long to exchange his labor or services for the right to
receive worthless paychecks or worthless currency. Again, we do
not believe petitioner really thought that the Federal Reserve
Notes were worthless.
Petitioner took the trouble to arrange a home-made money-
laundering operation, passing his paychecks through a bank
account in the name of his son, and having his son write checks
to petitioner on this account. Petitioner has not had a bank
account in his name since the mid-1980’s. This is evidence that
petitioner was concerned with making it more difficult for
respondent to locate his assets.
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