Max v. Commissioner
United States Tax Court
Held, petitioners failed to report as income certain deposits made to their savings account and to their Canadian account in 1974, 1975, and 1976. Held further, petitioners failed to report as income interest earned on funds held in their Canadian account in 1974, 1975, 1976, and 1977. Held further, the resultant underpayments of tax in 1974, 1975, 1976, and 1977 were due to fraud and, accordingly, petitioners are liable for additions to tax under sec. 6653(b), I.R.C. 154,…
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Held, petitioners failed to report as income certain deposits made to their savings account and to their Canadian account in 1974, 1975, and 1976. Held further, petitioners failed to report as income interest earned on funds held in their Canadian account in 1974, 1975, 1976, and 1977. Held further, the resultant underpayments of tax in 1974, 1975, 1976, and 1977 were due to fraud and, accordingly, petitioners are liable for additions to tax under sec. 6653(b), I.R.C. 154, for each of the years in issue. Held further, petitioners' claimed deductions for automobile expenses and telephone…
1Opinion of the Court
CARLOS MAX AND ENCARNACION MAX, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Max v. Commissioner
Docket No. 19994-81.
United States Tax Court
T.C. Memo 1984-464; 1984 Tax Ct. Memo LEXIS 208; 48 T.C.M. (CCH) 984; T.C.M. (RIA) 84464;
August 30, 1984.
Held, petitioners failed to report as income certain deposits made to their savings account and to their Canadian account in 1974, 1975, and 1976. Held further, petitioners failed to report as income interest earned on funds held in their Canadian account in 1974, 1975, 1976, and 1977. Held further, the resultant underpayments of tax in…
2Cases cited23 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Spies v. United StatesSupreme Court of the United States · 1943
- Stone v. CommissionerUnited States Tax Court · 1971
- Gajewski v. CommissionerUnited States Tax Court · 1976
- Beaver v. CommissionerUnited States Tax Court · 1970
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