PADRE ISLAND THUNDERBIRD, INC. v. COMMISSIONER, 72 T.C. 391 (1979) PADRE ISLAND THUNDERBIRD, INC., PETITIONER v. COMMISSIONER OF INTERNALREVENUE, RESPONDENT Docket No. 245-78.United States Tax Court. Filed June 4, 1979. On Nov. 16, 1973, P, an Illinois corporation, was dissolved for failing to pay its State franchise taxes. Illinois law provides that a corporation which […]
