Memorandum Findings of Fact and Opinion
The Commissioner determined a deficiency in income tax of $482.38 for 1943 and deficiencies in excess profits tax of $7,978.51 for 1942 and $5,989.57 for 1943. The only issue for decision is whether he erred in determining those deficiencies by disallowing $6,000 of the total deduction of $24,000 claimed for each year as compensation of J. J. Turner, the president, and $600 of the deduction of $700 for 1942, and $800 of the...
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