1. Home
  2. Browse Decisions
  3. T.C.M.
  4. 15 T.C.M.
  5. 15 T.C.M. 534 (1956)
 

K. & H. REALTY CORPORATION v. COMMISSIONER

Docket No. 51745.

15 T.C.M. 534 (1956)

T.C. Memo. 1956-107

K. & H. Realty Corporation v. Commissioner.

United States Tax Court.

Filed April 30, 1956.

Attorney(s) appearing for the Case

Edward J. Greenspan, Esq., for the petitioner. Frank V. Moran, Esq., for the respondent.

Memorandum Findings of Fact and Opinion

The Commissioner determined a deficiency in income tax in the amount of $3,934.46 for the taxable year 1950. The sole issue is whether the amount of $18,000, claimed by petitioner as a deduction for compensation of officers was, in reality, compensation for services and therefore an ordinary and necessary business expense, or was, in realty, a distribution of profits.

Findings...

Let's get started

Leagle.com

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.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases