WIEN CONSOLIDATED AIRLINES, INC. v. COMMISSIONER

Docket No. 7914-70.

60 T.C. 13 (1973)

WIEN CONSOLIDATED AIRLINES, INC., FORMERLY WIEN ALASKA AIRLINES, INC., PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed April 2, 1973.


Attorney(s) appearing for the Case

J. L. McCarrey, Jr., for the petitioner.

Richard L. Shipley, for the respondent.


OPINION

IRWIN, Judge:

Respondent determined a deficiency in income tax of $55,491 against petitioner for the fiscal year ending March 31, 1962. Other years are indirectly involved because of the carryover and carry-back provisions of the Internal Revenue Code.

The issues involved herein are: (1) Whether petitioner had an existing liability for the total estimated payments under the State Workmen's Compensation...

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