- 13 - more than $30,000 in cash gifts at her wedding, which she kept at home, in her closet (in a safe). We observed the demeanor of petitioner and her children and do not believe that any of them told the truth with respect to the source of the NCNB deposit. We may reject testimony that is inherently improbable or manifestly unreasonable, even where no contradictory testimony is offered. See, e.g., Boyett v. Commissioner, 204 F.2d 205, 208 (5th Cir. 1953), and the cases cited therein. We accord the testimony of petitioner and her children no weight with respect to the source of the NCNB deposit. Petitioner has failed to prove her claim of a nontaxable source. 5. 1993 Adjustment Respondent adjusted petitioner’s 1993 gross income on account of the Fortune Bank deposit ($10,000 deposited into an account of petitioner’s on December 8, 1993) and the NationsBank purchase ($11,250 used to purchase a cashier’s check on December 9, 1993). Petitioner argues that petitioner’s reported income (principally from real estate) explains those cash transactions. Petitioner has attempted to show from known bank deposits and sources of income that petitioner did not fail to report all of her income for 1993. Petitioner’s analysis is flawed. There is in evidence a “Statement of Account Activity” for Hawthorne Savings and Loan Association account No. 10130059-8 (the firstPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Next
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