Klahr v. Commissioner

1968 T.C. Memo. 245, 27 T.C.M. 1293, 1968 Tax Ct. Memo LEXIS 54
CourtUnited States Tax Court
DecidedOctober 23, 1968
DocketDocket No. 5026-64.
StatusUnpublished

This text of 1968 T.C. Memo. 245 (Klahr v. Commissioner) is published on Counsel Stack Legal Research, covering United States Tax Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Klahr v. Commissioner, 1968 T.C. Memo. 245, 27 T.C.M. 1293, 1968 Tax Ct. Memo LEXIS 54 (tax 1968).

Opinion

Max D. Klahr and Sophia S. Klahr v. Commissioner.
Klahr v. Commissioner
Docket No. 5026-64.
United States Tax Court
T.C. Memo 1968-245; 1968 Tax Ct. Memo LEXIS 54; 27 T.C.M. (CCH) 1293; T.C.M. (RIA) 68245;
October 23, 1968. Filed
F. Wendell Lensing and Maurice C. O'Connor, 500 N. Weinbach Ave.,Evansville, Ind., for the petitioners. Dennis J. Fox, for the respondent.

WITHEY

Memorandum Findings of Fact and Opinion

WITHEY, Judge: Respondent determined deficiencies in petitioners' income tax and additions to tax for the years and in the amounts as follows:

YearDeficiencyAddition to tax undersection 6653(b) 1
1955$1,626.52$ 818.06
19561,339.05669.53
19572,562.201,281.10

The issues for decision herein are:

(1) Whether petitioners are chargeable with taxable income in the years 1955, 1956, and 1957 by virtue of the husband's receipt of certain sums in exchange for his promissory notes*55 obtained in connection with a series of fraudulent schemes by the husband in those years.

(2) Whether petitioners, husband and wife, are both precluded from denying the imposition of the additions to tax for fraud for the years 1955, 1956, and 1957 by virtue of the husband's criminal conviction for those years under section 7201.

(3) Whether any part of the underpayment of tax for each of the years 1955, 1294 1956, and 1957 was due to fraud by the husband.

Findings of Fact

Some of the facts have been stipulated and are found accordingly. 2

*56 Max D. Klahr and Sophia S. Klahr are husband and wife with their principal residence in Evansville, Indiana. They filed their Federal joint income tax returns for the years 1955 through 1957 with the district director of internal revenue, Indianapolis, Indiana. Because Sophia S. Klahr is a party to this proceeding only because she filed joint returns for the years in issue, Max D. Klahr will hereafter be referred to as petitioner.

Bit O' Santa Claus Promotion

During 1955, petitioner was employed by an oil reporting service and then, for approximately 4 weeks, as the manager of a small restaurant known as the Spaghetti Bowl. His estimated receipts from both jobs were approximately $450.

During September 1955, while petitioner was still employed at the Spaghetti Bowl restaurant, an acquaintance, Robert Stone (hereinafter referred to as Stone), approached petitioner with a business proposition. The proposition involved the purchase of land in the City of Santa Claus, Indiana. The land would then be divided into small square-inch portions with printed deeds to those portions to be sold to retail merchants for use as a promotion or advertising scheme during the Christmas season.

*57 Shortly after their meeting, Stone and petitioner went together to Santa Claus, Indiana, to look for suitable land. Thereafter, Stone acquired approximately 2 acres of land in that area. Stone then told petitioner the venture was ready if petitioner would agree to help promote it. Petitioner agreed but stated that he did not have sufficient money, whereupon Stone offered to lend petitioner the money provided he gave a note for its repayment. Petitioner and Stone then organized the Bit O' Santa Claus Indiana Land Corporation with petitioner as its president and Stone as its secretary-treasurer.

Thereafter, beginning in October 1955, a general pattern of dealings between Stone and petitioner developed. Petitioner would receive an advance of money from Stone, giving a note in exchange therefor. Ten days to 2 weeks later, petitioner would report his alleged activities during the period just passed to Stone. Petitioner would then advise Stone that the previous advance had been exhausted and would receive a further advance, giving another note in exchange. These dealings can be summarized as follows:

Approximate dateAlleged activities of petitionerAmount ofadvance
10/17/55$2,500
10/31/55Trip to New York City; visits to following department stores: Macy's, Gimbel's, and Bloomingdale's1 1,500
11/14/55Trip to New York City; visits to Macy's buying office, Gimbel's, and Bloomingdale's 1,000
11/24/55Trip to New York City; visits to Macy's, Gimbel's, Blooming- dale's, Abraham and Strauss, and other stores in Brooklynn1 1,000
12/ 4/55Trip to New York City; visits to General Foods Corporation and various small stores in White Plains and the Bronx

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Bluebook (online)
1968 T.C. Memo. 245, 27 T.C.M. 1293, 1968 Tax Ct. Memo LEXIS 54, Counsel Stack Legal Research, https://law.counselstack.com/opinion/klahr-v-commissioner-tax-1968.