SHAGAN v. COMMISSIONER

Docket No. 28139.

11 T.C.M. 730 (1952)

Michael J. Shagan et al., Transferees of 249 West 30th Street Corporation v. Commissioner.

United States Tax Court.

Entered July 8, 1952.


Attorney(s) appearing for the Case

Bernard A. Green, Esq., for the petitioner. Ellyne E. Strickland, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

HARRON, Judge:

This proceeding involves transferee liabilities. The petitioners are transferees of the assets of a corporation, 249 WEST 30TH STREET CORPORATION. The deficiencies in income and declared value excess-profits taxes of the corporation for the year ended December 31, 1942, are as follows:

  Income Tax ......................   $9,491.44
  Declared...

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