David Allen - Page 34

                                       - 34 -                                         
          namely, the IRS.  Consequently, the transfers from Sloan’s estate           
          to David, which rendered the estate insolvent, constitute                   
          fraudulent conveyances under Nebraska law.  Consequently, we hold           
          that David is personally liable as a transferee pursuant to section         
          6901 for the deficiencies and additions to tax respondent                   
          determined in docket Nos. 24984-97 and 24985-97.                            
               In reaching our holdings herein, we have considered each               
          argument made by the parties, and, to the extent not discussed              
          above, find those arguments to be irrelevant or without merit.              

Page:  Previous  16  17  18  19  20  21  22  23  24  25  26  27  28  29  30  31  32  33  34  35  Next