CLAREMONT WASTE MANUFACTURING CO. v. COMMISSIONER

Docket No. 3361.

4 T.C.M. 301 (1945)

Claremont Waste Manufacturing Co. v. Commissioner.

United States Tax Court.

Entered March 12, 1945.


Attorney(s) appearing for the Case

Robert Ash, Esq., Munsey Bldg., Washington, D. C., and C. I. Drayton, C. P. A., for the petitioner. James T. Haslam, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

ARNOLD, Judge:

Petitioner contests deficiencies in income and excess profits taxes for the calendar year 1941 in the respective amounts of $5,297.39 and $13,138.02. The returns in question were filed with the collector for the district of New Hampshire at Portsmouth.

Two questions are presented, (1) whether the compensation paid to petitioner's two officers for their services in 1941 was reasonable, and (2...

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