Cheryl McKnight - Page 2

                                        - 2 -                                         
          all Rule references are to the Tax Court Rules of Practice and              

                                  FINDINGS OF FACT                                    
               Some of the facts have been stipulated and are so found.               
               At the time the petition was filed, petitioner resided in              
          Golden, Colorado.                                                           
               Petitioner has a background in property management and has             
          completed 1 year of college.  Petitioner has no children.                   
               In September of 1986, petitioner met John McKnight (John).             
          In 1987, John and his then wife Sally Overton (Overton) divorced.           
          Shortly thereafter, petitioner and John began dating.  John has a           
          son from his marriage to Overton.                                           
               John acted as a sales representative for construction                  
          product manufacturers.  John operated his business as a sole                
          proprietorship under the name of McKnight and Associates.                   
               As petitioner and John’s dating relationship developed,                
          petitioner allowed John to use petitioner’s personal credit cards           
          to pay a number of John’s business expenses.  Initially, John               
          promptly repaid petitioner so that petitioner could timely make             
          her credit card payments.                                                   
               In 1990, John asked petitioner to work in his business.                
          John told petitioner that he needed her help to expand the                  
          business and that he would pay petitioner the same amount that              

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