CRAIGS DRUG STORE, INC. v. COMMISSIONER

Docket No. 3056-68.

28 T.C.M. 1104 (1969)

T.C. Memo. 1969-208

Craigs Drug Store, Inc. v. Commissioner.

United States Tax Court.

Filed October 8, 1969.


Attorney(s) appearing for the Case

Vernon E. Robbins, for the petitioner. Gerald D. Babbitt, for the respondent.


Memordandum Findings of Fact and Opinion

TANNENWALD, Judge:

Respondent determined a deficiency of $2,626.60 in petitioner's Federal income tax for its taxable year ending December 31, 1965. The only issue is whether petitioner paid its president excessive compensation.

Findings of Fact

Some of the facts have been stipulated and are so found.

Petitioner's principal, and only, place of business was Cambridge, Maryland, at the time...

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