Farber v. Commissioner
United States Tax Court
During the years 1948 through 1954, petitioner regularly deposited large portions of business receipts from his sole proprietorship into personal bank accounts and failed to record them in the business records. Thereafter he transferred some of the receipts back to the business designating such transactions as loans. He concealed these receipts from the accountants who prepared his tax returns, and thus failed to include them in his annual taxable income.
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During the years 1948 through 1954, petitioner regularly deposited large portions of business receipts from his sole proprietorship into personal bank accounts and failed to record them in the business records. Thereafter he transferred some of the receipts back to the business designating such transactions as loans. He concealed these receipts from the accountants who prepared his tax returns, and thus failed to include them in his annual taxable income. During the years in question petitioner was experiencing personality changes and deteriorating health, including a pituitary tumor. Prior…
1Opinion of the Court
Hoyt, Judge:
Respondent determined deficiencies in and additions to the income tax of petitioner Jacob D. Farber for the calendar year 1948 and of petitioners Jacob D. Farber and Boze Farber for the calendar years 1949 through 1954 in the following amounts:
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One of the cases here decided involves the separate return of Jacob D. Farber for the year 1948. The other case is concerned with the joint returns of Jacob D. Farber and his wife, Boze Farber, for the years 1949 through 1954. The cases have been consolidated for trial, briefing, and opinion. The principal issues for decision…
2Cases cited14 opinions
- Helvering v. TaylorSupreme Court of the United States · 1935
- Rogers v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1940
- George Schwarzkopf v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1957
- Pigman v. CommissionerUnited States Tax Court · 1958
- John F. Kurnick and Celia Kurnick v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1956
9 more not listed; retrieve them via the Exa API.
3Cited by57 opinions
- Durovic v. CommissionerUnited States Tax Court · 1970
- Estate of Smith v. CommissionerUnited States Tax Court · 1972
- Neaderland v. CommissionerUnited States Tax Court · 1969
- Wilson v. CommissionerUnited States Tax Court · 1981
- Mazzoni v. CommissionerUnited States Tax Court · 1970
52 more not listed; retrieve them via the Exa API.