Jolly's Motor Livery Co. v. Commissioner
United States Tax Court
1. Petitioner D. L. Jolly, Sr., the principal officer and controlling stockholder of the corporate petitioners, directed his employees to divert checks and other receipts from the corporate petitioners into his hands. These funds were never recorded on the books and records of the corporations and were not reported on the tax returns of the corporate petitioners.
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1. Petitioner D. L. Jolly, Sr., the principal officer and controlling stockholder of the corporate petitioners, directed his employees to divert checks and other receipts from the corporate petitioners into his hands. These funds were never recorded on the books and records of the corporations and were not reported on the tax returns of the corporate petitioners. The funds were deposited by petitioner D. L. Jolly, Sr., in his personal bank account or in bank accounts maintained by him for members of his family. The diverted sums were not reported on his individual tax returns. Held: the…
1Opinion of the Court
Jolly's Motor Livery Company v. Commissioner. Jolly Cab Company v. Commissioner. D. L. Jolly, Sr. v. Commissioner. D. L. Jolly, Sr., and Berenice Jolly, Husband and Wife v. Commissioner.
Jolly's Motor Livery Co. v. Commissioner
Docket Nos. 36607, 36745, 41269, 41270.
United States Tax Court
T.C. Memo 1957-231; 1957 Tax Ct. Memo LEXIS 19; 16 T.C.M. (CCH) 1048; T.C.M. (RIA) 57231;
December 16, 1957
1. Petitioner D. L. Jolly, Sr., the principal officer and controlling stockholder of the corporate petitioners, directed his employees to divert checks and other receipts from the corporate petitioners…
2Cases cited19 opinions
- Lucas v. EarlSupreme Court of the United States · 1930
- Helvering v. HorstSupreme Court of the United States · 1940
- Corliss v. BowersSupreme Court of the United States · 1930
- Botany Worsted Mills v. United StatesSupreme Court of the United States · 1929
- SoRelle v. CommissionerUnited States Tax Court · 1954
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