Schachter v. Commissioner

MARTIN AND BARBARA SCHACHTER, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Schachter v. Commissioner

No. 2939-96

United States Tax Court

113 T.C. 192; 1999 U.S. Tax Ct. LEXIS 42; 113 T.C. No. 14;

September 14, 1999, Filed

Decision will be entered in accordance with respondent's computations.

HELD: No credit is allowed against civil fraud additions to tax

for a criminal fine imposed under sec. 7201, I.R.C., and 18 U.S.C. secs. 371, 3622, and 3623 (Supp. II, 1984).

Martin A. Schainbaum and David B. Porter, for petitioners.

Paul J. Krug, for respondent.

Swift, Stephen J.

SWIFT

SUPPLEMENTAL…