- 3 - and 1995 taxable years on January 17, 1995, April 17, 1995 and April 15, 1996, respectively. b. During the 1993, 1994 and 1995 taxable years, Meri R. Kaufman misappropriated or embezzled funds from her employer, MIM Corporation in the amounts of $33,330.47, $57,095.06 and $76,574,76, respectively as set forth in * * * [exhibits attached to the answer which list the date, check number, amount, and payee for each MIM Corporation check representing embezzled funds]. c. The Petitioner Meri R. Kaufman failed to accurately report this additional income when she filed her joint returns for the 1993, 1994 and 1995 taxable years. d. The Petitioner Meri R. Kaufman’s failure to report gross income in the amounts of $33,330.47, $57,095.06 and $76,574.76 for the 1993, 1994 and 1995 taxable years, respectively, was fraudulent with the intent to evade taxes. e. The Petitioner Meri R. Kaufman’s understatement of gross income resulted in the understatement of her joint federal income tax liabilities in the amounts of $6,546.00, $11,577.00 and $18,226.00 for the 1993, 1994 and 1995 taxable years, respectively. f. The Petitioner Meri R. Kaufman’s understatement of her joint federal income tax liabilities in the amounts of $6,546.00, $11,577.00 and $18,226.00 for the 1993, 1994 and 1995 taxable years, respectively, was fraudulent with the intent to evade taxes. g. A part of the underpayment of tax required to be shown on Petitioner Meri R. Kaufman’s joint federal income tax returns for each of the taxable years 1993, 1994 and 1995 is due to fraud with the intent to evade taxes. Petitioners failed to file any reply, and on July 30, 1998, respondent filed a motion, pursuant to Rule 37(c), for entry of an order that the undenied allegations in the answer be deemedPage: Previous 1 2 3 4 5 6 7 8 9 10 Next
Last modified: May 25, 2011