- 6 - B. Applicable Statutory Provisions .......... 287 C. General Legal Principles Relating to Civil Fraud . 289 D. Underpayments of Tax ............... 290 E. Intent to Evade Tax ................ 300 1. Lisle's Fraud ................ 303 2. Ballard's Fraud ............... 307 3. Kanter's Fraud ................ 311 F. Summary and Conclusions as to Fraud ........ 318 Issue 2. Whether Certain Commitment Fees Paid to Century Industries, Ltd., Are Includable in Kanter's Income for 1981, 1982, 1983, 1984, and 1986 ............ 320 FINDINGS OF FACT ...................... 320 OPINION ........................... 326 Issue 3. Whether Kanter Received Unreported Income From Hi- Chicago Trust for 1981, 1982, and 1983 ......... 331 FINDINGS OF FACT ...................... 331 OPINION ........................... 338 Issue 4. Whether Kanter is Taxable on the Income of the Bea Ritch Trusts for 1986 and 1987 ............. 346 FINDINGS OF FACT ...................... 346 OPINION ........................... 359 Issue 5. Whether Kanter Had Unreported Income for 1982, 1983, 1984, 1987, 1988, and 1989 From the CMS Investors Partnership ...................... 370 FINDINGS OF FACT ...................... 370 OPINION ........................... 370 Issue 6. Whether Kanter had Unreported Income in 1983 From Equitable Leasing Co., Inc. .............. 377 FINDINGS OF FACT ...................... 377 OPINION ........................... 379 Issue 7. Whether Kanter Had Unreported Income in 1982 Based on the Bank Deposit Analysis Method .......... 380Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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