WOLAN v. COMMISSIONER

Docket Nos. 17285, 17762, 17763, 17803, 17804, 17813.

8 T.C.M. 946 (1949)

Margaret Wolan, Naomi Chetlain, and Dorothy Schwartz, Trustees of Seven Fifteen South Normandie, Inc., a Colorado Corporation Dissolved v. Commissioner. Leo Wallach Family Trust, Leo Wallach, Trustee, Transferee v. Commissioner. Nathan F. Wallach Family Trust, Nathan F. Wallach, Trustee, Transferee v. Commissioner. Brother Trust, Norman Asher, Trustee, Transferee v. Commissioner. Skipper Trust, Helen S. Asher, Trustee, Transferee v. Commissioner. A. P. Family Trust, A. N. Pritzker, Trustee, Transferee v. Commissioner.

United States Tax Court.

Entered October 12, 1949.


Attorney(s) appearing for the Case

Ralph B. Mayo, C. P. A., Security Bldg., Denver, Colo., for the petitioners. Gene W. Reardon, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

The respondent has determined deficiencies in income and declared value excess profits taxes against the petitioner, Seven Fifteen South Normandie, Inc., Docket No. 17285, for the taxable year ended September 30, 1944, in the respective amounts of $5,716.24 and $3,240.74. The other petitioners are before us as transferees. They conceded that they are liable as transferees for any...

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