Mysse v. Commissioner
United States Tax Court
1. H, the cashier of a small town bank, misappropriated substantial amounts from the bank which he failed to report in the joint Federal income tax refunds he filed with his wife, W. Held, minimum amounts of H's unreported income determined. 2. Held, further, W is relieved of her joint liability for the deficiencies in income tax under sec. 6013(e), I.R.C. 1954. 3. Held, further, transferee liability attaches to certificates of deposit purchased by H for W and their son and…
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1. H, the cashier of a small town bank, misappropriated substantial amounts from the bank which he failed to report in the joint Federal income tax refunds he filed with his wife, W. Held, minimum amounts of H's unreported income determined. 2. Held, further, W is relieved of her joint liability for the deficiencies in income tax under sec. 6013(e), I.R.C. 1954. 3. Held, further, transferee liability attaches to certificates of deposit purchased by H for W and their son and to funds received by W as the survivor joint tenant of a bank account which was created by H while he was insolvent.
1Opinion of the Court
Patricia E. Mysse, et al., 1 Petitioners v. Commissioner of Internal Revenue, Respondent
Mysse v. Commissioner
Docket Nos. 2611-69, 4329-69, 6057-71
United States Tax Court
57 T.C. 680; 1972 U.S. Tax Ct. LEXIS 176;
February 28, 1972, Filed
Decisions will be entered under Rule 50.
1. H, the cashier of a small town bank, misappropriated substantial amounts from the bank which he failed to report in the joint Federal income tax refunds he filed with his wife, W. Held, minimum amounts of H's unreported income determined.
2. Held, further, W is relieved of her joint liability for the deficiencies in…
2Cases cited30 opinions
- Jack E. Golsen and Sylvia H. Golsen v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1971
- Commissioner v. SternSupreme Court of the United States · 1958
- Commissioner v. WilcoxSupreme Court of the United States · 1946
- Sonnenborn v. CommissionerUnited States Tax Court · 1971
- Mysse v. CommissionerUnited States Tax Court · 1972
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