Memorandum Findings of Fact and Opinion
This case involves deficiencies in income tax for 1941 in the amount of $6,834.09, and in excess profits taxes for 1940 and 1941 totaling $29,692.92.
Two separate questions are presented for decision. The first is whether the sum of $22,504.12 paid by petitioner in 1941 to the trustee of a pension trust is deductible as a business expense under section 23 (a) (1) of the Internal Revenue Code or as an amount transferred...
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.