BREMERTON SUN PUBLISHING CO. v. COMMISSIONER

Docket No. 4673-62.

44 T.C. 566 (1965)

BREMERTON SUN PUBLISHING COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed July 16, 1965.


Attorney(s) appearing for the Case

Jack M. Harrison, for the petitioner.

Paul G. Wilson, for the respondent.


FAY, Judge:

The respondent determined deficiencies in petitioner's income tax for the taxable years 1958 and 1959 in the amounts of $21,324.54 and $19,628.26, respectively. The only issue for decision is whether petitioner is subject to tax under section 5311 with respect to all or any part of the earnings retained by it during the years involved herein.

FINDINGS OF FACT

Petitioner is a corporation with principal...

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