Reeves, Commissioner of Revenue v. Turner

Opinion of the Court by

Judge Fulton

Reversing.

In October, 1940, the Division of Income Tax of the Department of Revenue made a deficiency assessment against the appellees, Henry F. Turner, Sr., and Ms wife, in the amount of $680.80 for income tax for the calendar year 1936. At the time appellees were notified of this assessment they were also notified that they were liable for $308.69 in taxes due from a liquidating corporation of which Turner was a stockholder and from which he had received assets. The appellees, pursuant to Kentucky Statutes, Section 4281b-26, petitioned the Franklin Circuit…