DRENNEN, Judge:
Respondent determined a deficiency in petitioner's income tax for the taxable year ended March 31, 1970, in the amount of $8,457.73.
The sole issue for determination is whether petitioner, an accrual basis taxpayer, had incurred a fixed liability in the fiscal year ended March 31, 1970, to contribute the sum of $16,200 to a qualified profit-sharing plan. If petitioner was obligated to make this payment as of the end of the fiscal year...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
