Aylward v. Nee

COLLET, District Judge.

Findings of Fact.

1. This is an action for recovery of income and excess profits taxes by the trustee of the bankrupt United Funds Management Corporation. The latter will be referred to hereafter as the Corporation,

2. The Corporation duly and timely filed its income and excess profits tax returns for the calendar years 1939 and 1940 and its capital stock tax returns for the years ended June 30, 1939 and June 30, 1940. It paid the taxes reported in its returns and subsequent assessments in the total amount of $15,299.55. Claims for the refund of income and excess profits…