BABST SERVICES, INC. v. COMMISSIONER

Docket No. 842-75.

67 T.C. 131 (1976)

BABST SERVICES, INC., PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed November 4, 1976.


Attorney(s) appearing for the Case

R. Richardson King, for the petitioner.

Deborah R. Jaffe, for the respondent.


RAUM, Judge:

The Commissioner determined a deficiency of $5,458.33 in petitioner's Federal corporate income tax for the fiscal year ended May 31, 1971. At issue is the deductibility of $11,325 petitioner contributed to a profit-sharing plan established for its employees.

FINDINGS OF FACT

The parties have filed a stipulation and supplemental stipulation of facts, along with exhibits, which are incorporated...

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