UNITED STATES v. ISLAND TRADE EXCHANGE, INC.

No. 82 Civ. 611.

535 F.Supp. 993 (1982)

UNITED STATES of America and Andrew Rosenblatt, Revenue Agent, Internal Revenue Service, Petitioners, v. ISLAND TRADE EXCHANGE, INC. and Mark Goldston, President of Island Trade Exchange, Inc., Respondents.

United States District Court, E. D. New York.

March 3, 1982.


Attorney(s) appearing for the Case

Steven Toscher, Tax Div., U. S. Dept. of Justice, Washington, D. C., for petitioners.

Richard S. Kestenbaum, Great Neck, N.Y., for respondents.


McLAUGHLIN, District Judge.

This is an Internal Revenue Service ("IRS") summons enforcement proceeding brought pursuant to 26 U.S.C. § 7604(a).

BACKGROUND

The IRS is conducting an investigation into the tax liability of certain unknown members of Island Trade Exchange, Inc. (the "Exchange"), a bartering exchange. It alleges that these members have omitted altogether or, at least, improperly reported income from their bartering transactions....

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