BEAR v. COMMISSIONER

Docket No. 7698-77, 7722-77.

38 T.C.M. 1182 (1979)

T.C. Memo. 1979-304

John L. Bear, Transferee v. Commissioner. Edna A. Bear, Transferee v. Commissioner.

United States Tax Court.

Filed August 9, 1979.


Attorney(s) appearing for the Case

Thomas F. McIntyre and Richard F. McDivitt, 1216 City Nat'l Bank Tower, Oklahoma City, Okla., for the petitioners. John Wendell Paul, for the respondent.


Memorandum Findings of Fact and Opinion

STERRETT, Judge:*

By letters dated April 21, 1977 respondent claimed deficiencies in income taxes against petitioners Edna A. Bear and John L. Bear, jointly and severally, in their capacities as transferees of Brookridge Development Co., Inc. (Brookridge), a liquidated Kansas corporation. The claimed deficiency amounts are $923.66 for Brookridge's taxable year ended December 31, 1970 and...

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