ZIEGLER STEEL SERVICE CORP. v. COMMISSIONER

Docket No. 85758.

21 T.C.M. 311 (1962)

T.C. Memo. 1962-57

Ziegler Steel Service Corp. v. Commissioner.

United States Tax Court.

Filed March 16, 1962.


Attorney(s) appearing for the Case

George M. Bryant, Esq., 668 S. Bonnie Brae St., Los Angeles, Calif., and Houstin Shockey, Esq., for the petitioner. William J. Kass, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

BRUCE, Judge:

Respondent determined deficiencies in income taxes in the amounts of $34,035.14 and $29,786.70 for the fiscal years ending April 30, 1956, and April 30, 1957, respectively.

The sole question for our determination is the reasonableness of salary payments made by petitioner to its president in each of the above-noted years.

Findings of Fact

Certain facts have been stipulated. The...

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