Nancy B. Doyle - Page 15




                                       - 15 -                                         
          shelter deductions.13  Petitioner testified that the refund                 
          checks were deposited into the family checking account to “Do the           
          household things we wanted to do.”  Additionally, the parties’              
          stipulation that petitioner and her husband enjoyed two vacation            
          trips to Europe immediately after this Court’s decision that the            
          couple owed significant amounts of Federal income tax weighs                
          heavily against her.                                                        
               In determining the equity of the sought-after relief, we               
          also find it significant that petitioner and her husband tried to           
          thwart respondent’s collection activities.  The record                      
          demonstrates that after this Court sustained respondent’s                   
          deficiency determinations, petitioner and her family engaged in a           
          systematic plan to put their assets beyond the reach of                     
          respondent’s legitimate collection activities.  Petitioner and              
          her husband encumbered their personal residence, which they had             
          previously owned lien free.  The proceeds of the mortgage were              
          immediately converted into cash and cash equivalents and spread             
          among petitioner’s children by deposit into freshly opened bank             
          accounts in the children’s names.  Petitioner and her husband               
          liquidated investments and transferred the funds to their                   
          children.  The children used transferred funds to pay their                 


               13By their very nature, the erroneous deductions provided              
          the Doyles with more disposable income than they otherwise would            
          have had.  For example, the Doyles “sheltered” approximately 69             
          percent of their 1980 income.                                               





Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  Next

Last modified: May 25, 2011