Hurlbut v. Commissioner
United States Board of Tax Appeals
Where the respondent fails to show that property of an ancestor received by heirs has any value above encumbrances, there is no transferee liability of the heirs.
1Opinion of the Court
E. M. HURLBUT, TRANSFEREE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
GLADYS G. LAWRENCE, TRANSFEREE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Hurlbut v. Commissioner
Docket Nos. 71788, 75494.
United States Board of Tax Appeals
33 B.T.A. 868; 1935 BTA LEXIS 700;
December 31, 1935, Promulgated
Where the respondent fails to show that property of an ancestor received by heirs has any value above encumbrances, there is no transferee liability of the heirs.
Sam H. Benbow, Esq., for the petitioners.
Willis R. Lansford, Esq., for the respondent.
SEAWELL
Transferee…
2Cases cited2 opinions
- Ashton v. CommissionerUnited States Board of Tax Appeals · 1933
- Hurlbut v. CommissionerUnited States Board of Tax Appeals · 1935