DURFEE, Judge.
The general question presented by this suit is whether or not a "Federal Insurance Reserve" deducted from income in previous years by a liquidated domestic building and loan association is taxable to a transferee building and loan association for the year in which it acquired all of the assets and liabilities of the liquidated association.
Prior to November 1955, the Berea Savings and Loan Company was a building and loan association operating...
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