SOUTHWESTERN RUBBER & PACKING COMPANY v. COMMISSIONER

Docket No. 1963-75.

36 T.C.M. 716 (1977)

T.C. Memo. 1977-173

Southwestern Rubber & Packing Company v. Commissioner.

United States Tax Court.

Filed June 8, 1977.


Attorney(s) appearing for the Case

John T. McKellar, 2626 Westheimer Rd., Houston, Tex., for the petitioner. James N. Mullen, for the respondent.


Memorandum Findings of Fact and Opinion

HALL, Judge:

Respondent determined the following deficiencies in petitioner's Federal corporate income tax:

  Fiscal Year Ending               Deficiency

  September 30, 1971 ..........    $25,643
  September 30, 1972 ..........     24,469

The sole issue for decision is whether amounts which petitioner paid its principal officers as compensation...

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