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a joint member, and produced copies of his 2001 Auto Workers
Credit Union account statements, which listed his mother as a
joint member. Petitioner testified that the account in his
mother’s name was actually the KCP business account. The account
did not contain a taxpayer identification number for KCP, even
though, as admitted on cross-examination, he was aware that KCP
was required to put its taxpayer identification number on its
bank account. He explained that the account was in his mother’s
name because an individual was allowed to open only one account,
and the credit union did not allow business entities to have an
account.
Petitioner testified, and the account statements showed,
that he deposited money from his personal account to his mother’s
account. He testified that the money was transferred to fund
KCP. However, he did not provide any checks or other
documentation showing that his mother’s account was a business
account or that the withdrawals from his mother’s account were
for KCP expenses. Petitioner testified that he lived with and
supported his mother, claimed his mother as a dependent in 2001,
and claimed a standard deduction as head of household for 2001.
The facts indicate the transfer of money from petitioner’s
account to his mother’s account was to provide funds for his
mother, whom he supported. For the foregoing reasons, this Court
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Last modified: November 10, 2007