UNION BANKERS INSURANCE COMPANY v. COMMISSIONER

Docket Nos. 934-71, 935-71, 8861-72.

64 T.C. 807 (1975)

UNION BANKERS INSURANCE COMPANY, TRANSFEREE, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. UNION BANKERS INSURANCE COMPANY, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed August 6, 1975.


Attorney(s) appearing for the Case

Larry L. Bean and Vester T. Hughes, Jr., for the petitioners.

Samuel W. Graber, for the respondent.


SCOTT, Judge:

Respondent determined deficiencies in Federal income tax of Union Bankers Insurance Co. and its liability as transferee of Bankers Service Life Insurance Co. for Federal income tax of that company as follows:

                                       Amount of       Amount of
    Years                             deficiency       liability

    1963 -------------------------------------------  $180...

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