Estate of Granat v. Commissioner

Petitioners, the executor of the estate of Jacques Granat, and Granat’s widow, seek review of orders of the Tax Court, February 27, 1961, Clarence V. Opper, Judge, finding deficiencies and additions to tax in the individual income tax returns of Granat for the years 1947, 1949, 1950, 1951 and 1952 and in the joint returns of Granat and his wife for the years 1948 and 1954. The decisions and orders of the Tax Court are affirmed.

Granat was a messenger in the Curb Exchange, who also ran a business soliciting orders for stationery and printing, and made substantial loans to one Johnston, employed…