Memorandum Findings of Fact and Opinion
For the taxable year 1945, respondent has determined a deficiency in petitioner's excess profits tax liability in the amount of $10,436.23. Petitioner contests that portion of the deficiency arising from respondent's disallowance of $2,000 of the $14,000 deducted as compensation for officers, and his disallowance of the sum of $500 deducted in 1945 as capital stock tax.
Findings of Fact
Petitioner is a manufacturing...
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