ESTATE OF WILLETT v. COMMISSIONER

Docket No. 1552-62.

23 T.C.M. 733 (1964)

T.C. Memo. 1964-125

Estate of J. O. Willett, Deceased, R. S. Turner and Zoe C. Willett, Co-executors, and Zoe C. Willett, Surviving Wife v. Commissioner.

United States Tax Court.

Filed May 6, 1964.


Attorney(s) appearing for the Case

C. McVea Oliver, for the petitioners. Willard A. Herbert, for the respondent.


Memorandum Findings of Fact and Opinion

TURNER, Judge:

The respondent determined a deficiency in income tax against the petitioners for the year 1958 in the amount of $86,764.

The issues for decision are (1) whether gain should be recognized upon the transfer by the decedent of all the assets and liabilities of his sole proprietorship, which had previously elected to be taxed as a domestic corporation...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases