Gilmore v. Internal Revenue Service (In Re Financial Corp.)

FINAL DECREE AND JUDGMENT DECLARING THE PETITIONER TRUSTEE IN BANKRUPTCY NOT SUBJECT TO THE PERSONAL HOLDING COMPANY TAX FOR THE TAX YEAR 1980

DENNIS J. STEWART, Bankruptcy Judge.

This court formerly, on September 11, 1981, entered its order directing the respondent to show cause in writing why the petitioner trustee in bankruptcy should not be declared not to be subject to the personal holding tax defined in § 542(a)(2), Title 26, United States Code. This show cause order was a form of process designed to elicit the relevant factual and legal contentions of the respondent. 1

After the granting…