Claire B. Morse v. United States

This appeal involves transferee liability of appellant for unpaid corporate income and excess profits taxes which were assessed for the calendar year 1942 and for the period January 1, 1943 through April 30, 1943.

The district court entered judgment in favor of appellee and against appellant in the assessed amount of $10,705.69, with interest at six per cent per annum from May 1, 1943, but limited to a total of $12,000.

The following is a history of this case leading up to the judgment of the district court as reflected in the record, particularly in the pretrial order and findings of fact.

Borin Art Products Corporation, an Illinois corporation, was organized in September 1932. The central figure of the corporation, and Borin Art Products Company, a partnership, hereinafter referred to, was Nathan Borin, to whom appellant was married in November of 1933, and from whom she separated in 1945 and was divorced in March of 1949. The corporation was dissolved on April 30, 1943, and on or about the same date the said corporation trans ferred all of its assets, subject to all of its liabilities, to an entity known as Borin Art Products Company, and after said transfer the corporation…