LUBBOCK UNITED GENERAL AGENCY, INCORPORATED v. COMMISSIONER

Docket No. 317-80.

44 T.C.M. 273 (1982)

T.C. Memo. 1982-359

Lubbock United General Agency, Incorporated v. Commissioner.

United States Tax Court.

Filed June 28, 1982.


Attorney(s) appearing for the Case

William Norton Baker, 2112 Indiana Ave., Lubbock, Tex., for the petitioner. James R. Turton, for the respondent.


Memorandum Findings of Fact and Opinion

DRENNEN, Judge:

Respondent determined deficiencies of $681.78 and $4,404.79 in petitioner's Federal income tax for the taxable years 1975 and 1976. After concessions, the sole issue is whether petitioner is entitled to a salary or other compensation expense deduction under section 162(a)1 for amounts paid to its two shareholders in excess of actual travel expenses incurred or, instead,...

Let's get started

Leagle.com

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.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases