Memorandum Findings of Fact and Opinion
JOHNSON, Judge:
Respondent determined deficiencies in income tax in the amount of $45.83, in declared value excess-profits tax in the amount of $2,650.79, and in excess profits tax in the amount of $15,693.52 for the calendar year 1943.
The issues are:
(1) Is petitioner entitled to deduct from gross income in 1943 the amount of $21,950 which it claims represents bonuses to employees accrued in that...
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