- 13 - by petitioner during any of the 3 years in this case. Respondent has not cited any instance in which petitioner actually exercised control over the funds he transferred. Rather, during 1991 and 1992 Peggy Layman exercised sole dominion and control over the funds transferred to the joint account in Conifer, Colorado. Furthermore, when Peggy Layman moved to West Virginia in 1992, she opened her bank account without petitioner having any interest in the account. Moreover, the record is replete with evidence that petitioner did not act as if he were solely entitled to the income in 1991, 1992, and 1993. During 1991, 1992, and 1993, petitioner provided substantial income for the benefit of the marital community. Petitioner transferred substantial funds to his wife for her support and the support of their three youngest children in 1991 and in 1992. During calendar year 1991, petitioner received taxable wages in the amount of $35,235. During calendar year 1991, petitioner made 15 separate wire transfers to Peggy Layman totaling $10,800. In addition, petitioner sent two checks to Peggy Layman during calendar year 1991, totaling $700. During calendar year 1992, petitioner received taxable wages in the amount of $60,414. During calendar year 1992, petitioner made 24 separate wire transfers to Peggy Layman totaling $10,915. In addition, petitioner sent two checks to Peggy Layman during calendar year 1992, one for $600 for hisPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Next
Last modified: May 25, 2011