CITIZENS NAT. BANK OF WACO v. UNITED STATES

No. 390-74.

551 F.2d 832 (1977)

The CITIZENS NATIONAL BANK OF WACO v. The UNITED STATES.

United States Court of Claims.

March 23, 1977.


Attorney(s) appearing for the Case

David B. Kultgen, Waco, Tex., Atty. of record, for plaintiff. Beard & Kultgen, Waco, Tex., of counsel.

Robert N. Dorosin, Washington, D.C., with whom was Acting Asst. Atty. Gen., Myron C. Baum, Washington, D.C., for defendant. Theodore D. Peyser and Donald H. Olson, Washington, D.C., of counsel.

Before SKELTON, NICHOLS and BENNETT, Judges.


OPINION

SKELTON, Judge:

This is a suit by The Citizens National Bank of Waco, a national bank located in Waco, Texas (Bank or Taxpayer), to recover federal income tax deficiencies and interest assessed against it by the Commissioner of Internal Revenue Service for the years 1968 and 1969, in the total sum of $63,863.24, together with interest as provided by law.1 The case is before us on an agreed stipulation of facts. We have...

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