MAGNOLIA LUMBER CORPORATION, INC. v. COMMISSIONER

Docket No. 91269.

21 T.C.M. 1182 (1962)

T.C. Memo. 1962-224

Magnolia Lumber Corporation, Inc. v. Commissioner.

United States Tax Court.

Filed September 20, 1962.


Attorney(s) appearing for the Case

John L. Flynn, Esq., for the petitioner. Aaron S. Resnik, Esq., and Donald G. Daiker, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

FAY, Judge:

The respondent determined a deficiency of $94,175.25 in income tax for the fiscal year ended June 30, 1951. The parties, by agreement, have disposed of certain adjustments, and the only issue remaining for our determination is whether or not the payment of a commission of 8 percent to the Magnolia Lumber Sales Company for services rendered during each of the fiscal years ended June 30, 1951, and June 30...

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