Court of Appeals for the Seventh Circuit June 5, 1986, 85-2500 (Gregory T. Granado v. Commissioner of Internal Revenue)

PER CURIAM.

Section 6653(b) of the Internal Revenue Code provides that “if any part of any underpayment ... of tax required to be shown on a return is due to fraud, there shall be added to the tax an amount equal to 50 percent of the underpayment.