Memorandum Findings of Fact and Opinion
FAY, Judge:
Respondent determined that petitioners are each liable as a transferee of the assets of Emarcee Corporation to the extent of $4,577.90 in income tax for the taxable year ended June 30, 1961, plus interest in the amount of $1,403.74, and also determined that there is an overassessment for the taxable year ended June 30, 1962, in the amount of $107.90. At...
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