Memorandum Findings of Fact and Opinion
The Commissioner determined deficiencies in the income tax of the petitioner of $6,467.94 for 1948 and $2,446.31 for 1949. The only issue for decision is — what was a reasonable salary for F. E. McGillick, president of the petitioner, for each of the taxable years.
Findings of Fact
F. E. McGillick incorporated the petitioner under the laws of Pennsylvania in 1932 and transferred real property to it...
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