WURTSBAUGH v. COMMISSIONER

Docket No. 15321.

13 T.C. 1059 (1949)

J. T. WURTSBAUGH, TRANSFEREE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated December 22, 1949.


Attorney(s) appearing for the Case

Walter E. Barton, Esq., for the petitioner.

D. Louis Bergeron, Esq., for the respondent.


Respondent determined deficiencies in income tax and declared value excess profits tax against Lodwick Lumber Co., for the calendar year 1941 in amounts of $25,948.22 and $8,181.90, respectively, and also determined penalties against it for failure to file income and declared value excess profits tax returns for that year in the respective amounts of $6,487.06 and $2,045.48. The total amount of these deficiencies and penalties was asserted against petitioner as a transferee...

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