HOLMES v. COMMISSIONER

Docket No. 5098-63.

47 T.C. 622 (1967)

STEWART C. HOLMES, TRANSFEREE, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed March 23, 1967.


Attorney(s) appearing for the Case

Walter L. Mims, for the petitioner.

Robert W. Goodman, for the respondent.


MULRONEY, Judge:

Respondent determined that petitioner is liable to the extent of $37,559.93, plus interest, as transferee of assets of the Daro Corp. for income tax deficiencies and interest due from the Daro Corp. for the fiscal years ended March 31, 1956 and 1957. The issue is whether petitioner is liable, to the extent determined, as transferee for the taxes and interest due from the transferor corporation.

FINDINGS OF FACT

Some of the...

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