This proceeding involves a deficiency in excess profits taxes for the calendar year 1941 in the amount of $819.92, and a delinquency penalty of $204.98.
The main issue is whether the petitioner is a personal service corporation as defined by section 725 (a), Internal Revenue Code, and thus entitled to the election provided for by section 725 (b), under which it may be exempt from excess profits tax. If not a personal service corporation, the further question arises...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.