Memorandum Opinion
MURDOCK, Judge:
The Commissioner determined a deficiency of $12,056.88 in the income tax of the petitioner for 1947. The petitioner employed his two sons in his lumber business and agreed to pay each a bonus of 10 per cent of the net earnings of the business for 1947 in addition to his regular salary. The business used an accrual method of accounting and reporting while the sons were on a cash basis. The bonuses were determined on February...
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