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MARINE CONTRACTORS AND SUPPLY, INC. v. COMMISSIONER

Docket No. 9523-78.

43 T.C.M. 305 (1982)

T.C. Memo. 1982-22

Marine Contractors and Supply, Inc. v. Commissioner.

United States Tax Court.

Filed January 13, 1982.

Attorney(s) appearing for the Case

Alvin L. Freeman, 4605 Post Oak Place Drive, Houston, Tex., for the petitioner. David W. Johnson, for the respondent.

Memorandum Findings of Fact and Opinion

IRWIN, Judge:

Respondent determined a deficiency of $78,712 in petitioner's 1974 Federal income tax. Due to concessions of petitioner, the sole issue presented for our determination is whether commission expenses paid by petitioner were ordinary and necessary business expenses of the petitioner pursuant to section 162.1

Findings of Fact

Some of the facts have been stipulated...

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