Janpol v. Commissioner
United States Tax Court
Ps, disqualified persons, lent money and guaranteed bank loans to a pension trust. Held, Ps are liable for sec. 4975(a), I.R.C., excise taxes on prohibited transactions, in the amounts computed by R.
1Opinion of the Court
Cohen, Judge:
Respondent determined deficiencies against petitioners individually and as transferees of Art Janpol Volkswagen, Inc. (ajvw), as follows:
Docket No. 5586-92
Transferee liability Deficiency
Year See. 4975(a) Sec. 6651(a)(1) Sec. 4975(a) Sec. 4975(b) Sec. 6651(a)(1)
1986 $781 $195 $15,958 - - - $3,990
1987 41,259 - - - 10,315
1988 91,416 - - - 22,854
1991 $2,747,607
Docket No. 5587-92
Transferee liability Deficiency
Year Sec. 4975(a) Sec. 6651(a)(1) Sec. 4975(a) Sec. 4975(b) Sec. 6651(a)(1)
$773 - - - $193 1986 $14,213 co to LO CO
13,335 - - - 3,334 1987 17,078 o <N ^
64,132 - - - 16,033 1988 I…
2Cases cited10 opinions
- Putnam v. CommissionerSupreme Court of the United States · 1956
- Commissioner v. Keystone Consolidated Industries, Inc.Supreme Court of the United States · 1993
- Rutland v. CommissionerUnited States Tax Court · 1987
- Thoburn v. CommissionerUnited States Tax Court · 1990
- Leib v. CommissionerUnited States Tax Court · 1987
5 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Thiessen v. Comm'rUnited States Tax Court · 2016
- James Daley, Jr. v. Ann MostollerCourt of Appeals for the Sixth Circuit · 2013
- Janpol v. CommissionerUnited States Tax Court · 1994
- Peek v. Comm'rUnited States Tax Court · 2013
- In Re DaleyUnited States Bankruptcy Court, E.D. Tennessee · 2011
13 more not listed; retrieve them via the Exa API.