Hering v. Tait

PARKER, Circuit Judge.

This is an appeal in an action to recover income taxes paid for the years 1986 and 1927. The plaintiffs in the court below were the receivers of the First National Company, a Delaware corporation doing business in the city of Baltimore. Defendant was the Collector of Internal Revenue for the state of Maryland to whom the taxes had been paid. The allegation of plaintiffs was that no taxes were due by the corporation for the years in question, for the reason that it earned no taxable income during these years, and that claim for refund had been properly filed and…