Van Sciver v. Rothensies

CLARK, Circuit Judge.

The appellant taxpayer, as often, has elected to come to us through the District Court rather than through the Board of Tax Appeals.1 He complains of the imposition of additional tax ($3,661.15) on income which he says is not his but his son’s. This claim emanates from a paternal “rescue party.” The son, Earl J. Van Sciver, had borrowed money from a bank. The collateral against this loan, along with most' collateral, had gone below the financial Plimsoll mark. So father, George D. Van Sciver loaned his son $10,000 worth of bonds to be deposited under the account. At the…