PACIFIC GRAINS, INC. v. COMMISSIONER

Docket No. 4775-65.

26 T.C.M. 46 (1967)

T.C. Memo. 1967-7

Pacific Grains, Inc., an Oregon Corporation v. Commissioner.

United States Tax Court.

Filed January 13, 1967.


Attorney(s) appearing for the Case

William H. Kinsey, 12th Flr., Standard Bldg., Portland, Ore., for the petitioner. Gary C. Randall, for the respondent.


Memorandum Findings of Fact and Opinion

MULRONEY, Judge:

Respondent determined a deficiency in petitioner's income tax for the fiscal years ended January 31, 1963 and 1964 in the respective amounts of $5,850 and $12,408.06. The only issue is whether the amounts of salary paid to Robert R. Rodgers, petitioner's principal officer, in the fiscal years ended January 31, 1963 and 1964 were reasonable compensation within the meaning of section 162 of the 1954...

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