Poczatek v. Commissioner
United States Tax Court
Petitioner executed a promissory note against which she pledged corporate stock which she owned and she executed stock powers for the stock pledged. She gave most of the proceeds of the loan to her husband who acquired a building in his name only. Each time when the note became due, petitioner's husband, without her knowledge, forged her name to the renewal notes.
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Petitioner executed a promissory note against which she pledged corporate stock which she owned and she executed stock powers for the stock pledged. She gave most of the proceeds of the loan to her husband who acquired a building in his name only. Each time when the note became due, petitioner's husband, without her knowledge, forged her name to the renewal notes. Petitioner's husband, also without petitioner's knowledge, added his name as comaker to renewal notes; increased the amount of the loan; and, in 1968, forged her name to a sell order authorizing the bank to sell part of the stock…
1Opinion of the Court
Regina A. Poczatek, Petitioner v. Commissioner of Internal Revenue, Respondent
Poczatek v. Commissioner
Docket No. 4438-72
United States Tax Court
71 T.C. 371; 1978 U.S. Tax Ct. LEXIS 11;
December 13, 1978, Filed
Decision will be entered under Rule 155.
Petitioner executed a promissory note against which she pledged corporate stock which she owned and she executed stock powers for the stock pledged. She gave most of the proceeds of the loan to her husband who acquired a building in his name only. Each time when the note became due, petitioner's husband, without her knowledge, forged her name to the…
2Cases cited11 opinions
- North American Oil Consolidated v. BurnetSupreme Court of the United States · 1932
- Old Colony Trust Co. v. CommissionerSupreme Court of the United States · 1929
- Crane v. CommissionerSupreme Court of the United States · 1947
- Meredith v. Winter HavenSupreme Court of the United States · 1943
- Burnet v. LoganSupreme Court of the United States · 1931
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