Geo Feick & Sons Co. v. Blair

VAN ORSDEL, Associate Justice.

This appeal is from the decision of the United States Board of Tax Appeals affirming a decision of the Commissioner of Internal Revenue in a proceeding for the redetermination of income and profits taxes for the years 1919, 1920, and 1921, in the amounts of $873.90, $1,351.12, and $2,509.26, respectively.

Prom the findings of fact contained in the opinion of the Board, it appears that appellant petitioner, an Ohio corporation, was organized in 1916, and took over the personal business of George Peick, Sr. When he transferred the business to the corporation, the…