Memorandum Findings of Fact and Opinion
HARLAN, Judge:
This case involves deficiencies in income and excess profits taxes for the taxable year 1940 in the respective amounts of $3,660.41 and $1,620.60.
The question involved is the reasonableness of the compensation for personal services rendered by three officers of petitioner corporation during said year. Respondent made the following adjustments of said salary and based his notice of deficiency...
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