OPINION IN RESPECT TO CROSS-MOTIONS FOR SUMMARY JUDGMENT
WALTER SHAPERO, Bankruptcy Judge.
I. FACTUAL BACKGROUND
The debtor Edward W. Toti ("Toti") is a self-employed independent insurance agent. From 1961 to 1973 Toti timely filed all of his federal income tax returns and paid any and all such taxes owing to the Internal Revenue Service ("IRS"). In 1974, due to his inability to pay his federal income tax liability for that year, Toti did not file...
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