KREISBERG v. COMMISSIONER

Docket Nos. 1684-78, 1685-78.

39 T.C.M. 337 (1979)

T.C. Memo. 1979-420

Bert Kreisberg, Transferee of assets of Bert Kreisberg & Associates, Inc., Dissolved, Transferor v. Commissioner. Bert Kreisberg and Rita M. Kreisberg v. Commissioner.

United States Tax Court.

Filed October 4, 1979.


Attorney(s) appearing for the Case

Norman H. McNeil and Bruce I. Hochman, 9100 Wilshire Blvd., Beverly Hills, Calif., for the petitioners. Mark Bernsley, for the respondent.


Memorandum Findings of Fact and Opinion

RAUM, Judge:

The Commissioner determined deficiencies in Federal income tax against petitioners Bert and Rita M. Kreisberg for the calendar year 1973 in the amount of $956,632, and deficiencies in income tax and additions to tax against transferor Bert Kreisberg & Associates, Inc., as follows:

                                   Addition to Tax,
   Taxable Year                     I.R.C. 1954,
   ...

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