United States Tax Court January 2, 1979, Docket No. 10652-75, 10688-75 (W. & B. Liquidating Corp. v. Commissioner)

lead-opinion

Hall, Judge:

Respondent determined a $35,563.16 deficiency in petitioner W. & B. Liquidating Corp.’s income tax for its taxable year ended June 30, 1972. Because W. & B. Liquidating Corp. was dissolved in 1973, respondent determined that petitioners in docket No. 10688-75 were liable as transferees for W. & B. Liquidating Corp.’s asserted income tax deficiency.