F. E. McGILLICK COMPANY v. COMMISSIONER

Docket No. 40529.

12 T.C.M. 1404 (1953)

F. E. McGillick Company v. Commissioner.

United States Tax Court.

Entered December 11, 1953.


Attorney(s) appearing for the Case

John J. Dougherty, Esq., 2405 1st National Bank Building, Pittsburgh, Pa., for the petitioner. Edward L. Cobb, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

The Commissioner determined deficiencies in the income tax of the petitioner of $6,467.94 for 1948 and $2,446.31 for 1949. The only issue for decision is — what was a reasonable salary for F. E. McGillick, president of the petitioner, for each of the taxable years.

Findings of Fact

F. E. McGillick incorporated the petitioner under the laws of Pennsylvania in 1932 and transferred real property to it...

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