Memorandum Findings of Fact and Opinion
DRENNEN, Judge:
Respondent determined the following deficiencies in petitioner's income taxes:
FYE June 30, Deficiency 1974 ................. $32,456.79 1975 ................. 47,181.26
The only issue for decision is whether payments made by petitioner to T.W. Weaver, Jr., during each of the taxable years in excess of the $125,000 amount allowed by respondent...
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