McKnight v. Commissioner

Grace McKnight, Petitioner, v. Commissioner of Internal Revenue, Respondent

McKnight v. Commissioner

Docket No. 19347

United States Tax Court

15 T.C. 730; 1950 U.S. Tax Ct. LEXIS 36;

November 28, 1950, Promulgated

Decision will be entered for the respondent.

Under section 311 of the Internal Revenue Code, petitioner is held liable as a transferee of assets of the Merchants Warehouse Co. for unpaid income and declared value excess profits taxes due from that company.

W. G. Boone, Esq., and Charles H. Davis, Esq., for the petitioner.

S. Earl Heilman, Esq., for the respondent.

Leech, Judge.

LEECH

Respondent…