Frank E. Sellers, Transferee of the Assets of Norpaco Builders, Inc., Transferor v. Commissioner of Internal Revenue

MILLER, Judge:

This is an appeal from the decision of the United States Tax Court entered November 30, 1977 (opinion dated March 21, 1977, 177,070 P-H Memo TC) that appellant is liable, as a transferee, for deficiencies in income taxes and additions to tax under Sections 6651(a) and 6653(a), 1 of Norpaco Builders, Inc. (hereinafter “Norpaco”) for calendar years 1965 and 1966 totaling $1,643.53, plus interest as provided by law. 2 We affirm.

During the years involved, Frank E. Sellers was a resident of Verona, Virginia, and filed joint income tax returns with his wife, Polly Sellers, with the…