- 3 - taxes by putting assets in the names of family members. The facts pleaded in the answer and supported in many instances by the stipulated facts and evidence are summarized below. Background Petitioner resided in Ohio at the time that he filed his petition. During 1982, 1983, and 1984, petitioner was engaged in the business of selling life insurance. During those years, he was employed by and received commissions from various life insurance companies. Petitioner received total income from these sources of $20,094.50 in 1982, $28,656.12 in 1983, and $47,287.84 in 1984. (The specific amounts paid to petitioner by each insurance company during each year were set out in detail in the answer, and supporting documents, including canceled checks and commission records, were deemed stipulated.) During 1983 and 1984, petitioner caused substantial portions of his income to be deposited into a bank account maintained in the name of his mother and his daughter. Payments out of that bank account were made for petitioner's use. Petitioner acquired automobiles and caused them to be registered in the name of his daughter. On or about the due dates for his income tax returns for 1982, 1983, and 1984, petitioner prepared Forms 1040 and mailed them to the Cincinnati Service Center of the Internal Revenue Service. The Forms 1040 included his name, Social Security number, address, filing status, and claim of one exemption. ThePage: Previous 1 2 3 4 5 6 7 Next
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