Smith v. Comm'r
2 Cited authorities
Price v. United States
269 U.S. 492 (1926) Cited 139 timesIn Price v. United States, 269 U.S. 492, 502, 46 S. Ct. 180, 182, 70 L. Ed. 373, it was held that taxes due the government constitute debts as that term is employed in section 3466 of the Revised Statutes. It was alleged in the complaint under which the receiver was appointed that defendant was without money to pay its debts then due and shortly to become due; that creditors were pressing their claims; and that, if the assets could be sold in the usual course of its business, they would be in excess of its debts.