Memorandum Opinion
STERNHAGEN, J.:
Deficiencies of $537.16 in income tax and $356.82 in excess profits tax for 1939 resulted from the disallowance of part of a deduction for salary of the president of petitioner. Petitioner deducted $5,200, and the Commissioner disallowed $4,200 as being in excess of reasonable compensation. The petitioner is a New York corporation and filed its tax return for 1939 in the 14th Collection District of New York.
Of...
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.
