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HAMILTON & COMPANY, INC. v. COMMISSIONER

Docket No. 67197.

18 T.C.M. 665 (1959)

T.C. Memo. 1959-153

Hamilton & Company, Inc. v. Commissioner.

United States Tax Court.

Filed July 31, 1959.

Attorney(s) appearing for the Case

Winston B. McCall, Esq., for the petitioner. Frederick T. Carney, Esq., for the respondent.

Memorandum Findings of Fact and Opinion

ARUNDELL, Judge:

Respondent has determined deficiencies for the calendar years 1953 and 1954 in the amounts of $5,311.64 and $5,400, respectively.

The primary issue is the reasonableness of the salary paid to petitioner's president. Respondent has reduced the deduction claimed by petitioner from $30,000 for each year to $12,000 per annum.

Findings of Fact

Hamilton & Company, Inc., is a...

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