JACQUELINE SUNDSTROM TRUST v. COMMISSIONER

Docket No. 449-79.

42 T.C.M. 358 (1981)

T.C. Memo. 1981-356

Jacqueline Sundstrom Trust v. Commissioner.

United States Tax Court.

Filed July 13, 1981.


Attorney(s) appearing for the Case

Albert L. LeDeuc, 650 South Grand Ave., Los Angeles, Calif., for the petitioner. Marc J. Winter, for the respondent.


Memorandum Opinion

FAY, Judge:

Respondent determined that petitioner, as a transferee of assets, is liable for personal holding company tax deficiencies in the transferor's Federal income taxes of $5,956 and $4,051 for the transferor's taxable years ending July 31, 1974, and July 31, 1975, respectively. Since petitioner concedes that it is a transferee within the meaning of section 6901,1 the only issue is whether petitioner...

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