Memorandum Findings of Fact and Opinion
HARRON, Judge:
The Commissioner determined deficiencies in income tax for the taxable years 1951 and 1952 in the amounts of $28,262.50 and $25,172.50, respectively. He disallowed compensation paid to two of petitioner's executives to the extent of $35,000 for 1951, and $35,960 for 1952. The main question is what amount constitutes a reasonable allowance for compensation...
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.