KUMMER REALTY CO. v. COMMISSIONER

Docket No. 8031-70.

33 T.C.M. 209 (1974)

T.C. Memo. 1974-44

Paul E. Kummer Realty Co. v. Commissioner.

United States Tax Court.

Filed February 20, 1974.


Attorney(s) appearing for the Case

Martin A. Rosenberg, 1724 Arcade Bldg., St. Louis, Mo., for the petitioner. John B. Turner and James E. Cannon, for the respondent.


Memorandum Findings of Fact and Opinion

GOFFE, Judge:

Respondent determined a deficiency in petitioner's Federal income tax for the taxable year ended March 31, 1967, in the amount of $25,439.21. The only issue for decision is whether payments made by the petitioner corporation to Paul H. Kummer and Edgar H. Kummer, two of its officers, as compensation in the taxable year ended March 31, 1967, in excess of amounts allowed by the respondent, constituted reasonable...

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