The respondent determined a deficiency in income tax of $25,594.12 and a fraud penalty of $12,797.06 against Kay J. Jelwan for the year 1948 and that the petitioner is liable therefor as transferee of Jelwan's assets. The petitioner contests both the determination of the deficiency and penalty against Jelwan and her liability as transferee.
FINDINGS OF FACT.
Parts of the facts have been stipulated and are found as stipulated.
Petitioner is a resident...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.