CARLSON v. COMMISSIONER

Docket No. 2351-65.

26 T.C.M. 537 (1967)

T.C. Memo. 1967-116

George C. Carlson, Transferee of the Assets of Inland Equipment Rental, Inc., a dissolved corporation v. Commissioner.

United States Tax Court.

Filed May 23, 1967.


Attorney(s) appearing for the Case

Roland A. Suess, 314 First Ave. East, P. O. Box 1229, Williston, N. Dak., for the petitioner. Charles L. Riter, for the respondent.


Memorandum Opinion

DAWSON, Judge:

Respondent determined a deficiency in the income tax of Inland Equipment Rental, Inc., for the fiscal year ended August 31, 1960, in the amount of $41,158.99, and asserted liability against petitioner as transferee of Inland.

Respondent has conceded an adjustment relating to depreciation expenses and such concession will be given effect in the Rule 50 computation. The only issue for decision is whether Inland Equipment...

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