Memorandum Findings of Fact and Opinion
The respondent determined a deficiency in petitioner's income tax for the year 1946 in the amount of $5,441.97. The years 1947 and 1948 are also involved by reason of net loss carry-backs. The issues are the reasonableness of salaries paid to officers of petitioner and also the proper treatment of a loss sustained on the disposition of shares of stock.
Findings of Fact
The petitioner is a corporation organized...
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.