- 4 -
FINDINGS OF FACT . . . . . . . . . . . . . 105
OPINION . . . . . . . . . . . . . . . . . . 105
3. Orange Grove, Cattle, and Ferrari
Activities . . . . . . . . . . . . . . . . 106
FINDINGS OF FACT . . . . . . . . . . . . . 106
OPINION . . . . . . . . . . . . . . . . . . 108
G. Self-employment Tax . . . . . . . . . . . . . . . 116
FINDINGS OF FACT . . . . . . . . . . . . . 116
OPINION . . . . . . . . . . . . . . . . . . 116
II. Additions to Tax for Fraud . . . . . . . . . . . . . 118
A. Underpayment of Tax Required To Be Shown
on a Return . . . . . . . . . . . . . . . . . . 121
1. Underpayment for 1985 . . . . . . . . . . . . 122
2. Underpayment for 1986 . . . . . . . . . . . . 128
3. Underpayment for 1987 . . . . . . . . . . . . 131
4. Underpayment for 1988 . . . . . . . . . . . . 132
5. Conclusion . . . . . . . . . . . . . . . . . 135
B. Fraudulent Intent . . . . . . . . . . . . . . . . 135
1. Clear and Convincing Evidence of Fraud . . . 135
2. Portion of Underpayment Not Attributable
to Fraud . . . . . . . . . . . . . . . . 145
C. Section 6653(b)(2) Addition to Tax for 1985 . . . 153
III. Statute of Limitations for Assessment . . . . . . . 155
Appendix A . . . . . . . . . . . . . . . . . . . . . . . . 157
Appendix B . . . . . . . . . . . . . . . . . . . . . . . . 162
Appendix C . . . . . . . . . . . . . . . . . . . . . . . . 164
Appendix D . . . . . . . . . . . . . . . . . . . . . . . . 171
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011