B-127961, NOV. 16, 1956
Highlights
INTERNAL REVENUE SERVICE: REFERENCE IS MADE TO YOUR LETTER OF OCTOBER 25. WHICH IS DUE UNDER CONTRACT NO. COPIES OF WHICH ARE ENCLOSED FOR YOUR INFORMATION. IT WAS CONCLUDED THAT ON THE BASIS OF THE PRESENT RECORD THE CLAIMS OF BOTH THE TRUSTEE AND AERO ELECTRONICS SHOULD BE DISALLOWED. IF IT IS ULTIMATELY DETERMINED THAT THE CLAIM OR SOME PORTION THEREOF SHOULD BE PAID TO THE TRUSTEE. THE MATTER OF AN OFFSET OF THE TAX INDEBTEDNESS WILL BE FULLY CONSIDERED BY OUR OFFICE AND YOU WILL BE PROMPTLY ADVISED OF THE ACTION TAKEN.
B-127961, NOV. 16, 1956
TO THE DISTRICT DIRECTOR, INTERNAL REVENUE SERVICE:
REFERENCE IS MADE TO YOUR LETTER OF OCTOBER 25, 1956--- YOUR REFERENCE COL:DAR:SP:EHD:JE--- CONCERNING THE CLAIM FILED HERE BY THE TRUSTEE IN THE ABOVE-MENTIONED BANKRUPTCY PROCEEDING IN THE AMOUNT OF $7,792.45, WHICH IS DUE UNDER CONTRACT NO. AF 33/604/-7508 DATED JUNE 29, 1953, AND REQUESTING ADVICE AS TO THE PRESENT STATUS OF THE CLAIM INCLUDING THE PROSPECTS OF AN OFFSET OF THE INDEBTEDNESS OF THE BANKRUPT FOR UNPAID WITHHOLDING AND FEDERAL INSURANCE CONTRIBUTION TAXES DUE THE UNITED STATES.
A CLAIM TO THE AMOUNT DUE UNDER THE CONTRACT ALSO HAS BEEN FILED HERE BY AERO ELECTRONICS COMPANY, CHICAGO, ILLINOIS, A SUBCONTRACTOR OF THE BANKRUPT. BY LETTERS OF NOVEMBER 2, 1956, COPIES OF WHICH ARE ENCLOSED FOR YOUR INFORMATION, IT WAS CONCLUDED THAT ON THE BASIS OF THE PRESENT RECORD THE CLAIMS OF BOTH THE TRUSTEE AND AERO ELECTRONICS SHOULD BE DISALLOWED.
IF IT IS ULTIMATELY DETERMINED THAT THE CLAIM OR SOME PORTION THEREOF SHOULD BE PAID TO THE TRUSTEE, THE MATTER OF AN OFFSET OF THE TAX INDEBTEDNESS WILL BE FULLY CONSIDERED BY OUR OFFICE AND YOU WILL BE PROMPTLY ADVISED OF THE ACTION TAKEN.