Search : U.S. Supreme Court : Corporation & Enterprise Law : From 10/01/03 To 07/01/04
Number of summaries found: 1
Search For More Summaries
| Court: | U.S. Supreme Court |
| Topic: | Bankruptcy Law, Corporation & Enterprise Law, Tax Law |
| Title: | US v. GALLETTI |
| Date: | 03/23/04 |
| Case Number: | 02-1389 |
| Summary: | The proper tax assessment against a partnership suffices to extend the statute of limitations to collect the tax in a judicial proceeding from the general partners who are liable for the payment of the partnership's debts. Once a tax has been properly assessed, nothing in the Internal Revenue Code requires the IRS to separately assess the same tax against individuals who are not the actual taxpayers but are, by reason of state law, liable for the taxpayer's debt. |