Moser v. Department of Revenue

Carlisle B. Roberts, Judge.

The plaintiffs, hnsband and wife, appeal from the Department of Revenue’s Order I-70-17, dated June 12, 1970, assessing personal income taxes to the plaintiffs in addition to those reported for the tax years 1964, 1965, 1966 and 1967. The plaintiffs had sold timber to an Oregon corporation, all of the stock of which was owned by them, for an amount which was about one-fourth of the going market price at the time of sale. It was the department’s conclusion that such sales distorted the personal income tax returns of the plaintiffs and that additional assessment of…