Dixie Van Aernam - Page 7




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                                     Discussion                                       
          I.  Introduction                                                            
                As stated, we must determine whether petitioner is liable             
          for the amount of respondent’s claim as a transferee of property            
          of Steven.                                                                  
                Section 6901 addresses the liability of a transferee of               
          property (transferee) for certain taxes, including income taxes,            
          of the transferor of such property (transferor).  Pertinent                 
          provisions of section 6901 are set forth in the margin.2                    

               2  SEC. 6901.  TRANSFERRED ASSETS.                                     
               (a)  Method of Collection.  The amounts of the following               
               liabilities shall, except as hereinafter in this                       
               section provided, be assessed, paid, and collected in                  
               the same manner and subject to the same provisions and                 
               limitations as in the case of the taxes with respect to                
               which the liabilities were incurred:                                   
               (1) Income, Estate, and Gift Taxes.--                                  
                    (A)  Transferees.  The liability, at law or                       
                    in equity, of a transferee of property --                         
                         (i) of a taxpayer in the case of a                           
                         tax imposed by subtitle A (relating                          
                         to income taxes),                                            
                         *  *  *  *  *  *  *                                          
               (b) Liability.--Any liability referred to in                           
               subsection (a) may be either as to the amount of tax                   
               shown on a return or as to any deficiency or                           
               underpayment of any tax.                                               
                         *  *  *  *  *  *  *                                          


                                                             (continued...)           




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