Legal Opinion
United States of America v. Jack Jepsen Kris Jepsen Karen Jepsen Makutenas
Court of Appeals for the Eighth Circuit
Decided October 10, 2001No. 00-2812PublishedCited by 4 opinions
1Opinion of the Court
LOKEN, Circuit Judge.
In August 1989, Illinois resident Jack Jepsen conveyed the family’s Arkansas vacation home to his children, Kris and Karen. In exchange, Jepsen received a $10,000 down-payment check from each child and an interest-bearing promissory note in the amount of $95,000 secured by a mortgage on the property. In April 1994, the United States assessed a $214,263 tax penalty against Jepsen for failure to pay employment taxes owed by his company, Jepsen of Illinois, Inc. The assessment created a lien in favor of the United States on all of Jepsen’s “property and rights to property.”…
2Cases cited12 opinions
- United States v. RodgersSupreme Court of the United States · 1983
- United States v. National Bank of CommerceSupreme Court of the United States · 1985
- United States v. DardenCourt of Appeals for the Eighth Circuit · 1995
- Drye v. United StatesSupreme Court of the United States · 2000
- Cooper v. Cherokee Village Development Co.Supreme Court of Arkansas · 1963
7 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Ware v. WareAlaska Supreme Court · 2007
- In Re Nerland Oil, Inc. Superpumper, Inc., Claimant-Appellant v. Nerland Oil, Inc., Debtor-Appellee. United States of America Through the Internal Revenue Service, Creditor-AppelleeCourt of Appeals for the Eighth Circuit · 2002
- Superpumper, Inc. v. Nerland Oil, Inc.Court of Appeals for the Eighth Circuit · 2002
- Ware v. WareAlaska Supreme Court · 2007