AUTOMOTIVE INVESTMENT DEVELOPMENT INC. v. COMMISSIONER

Docket No. 21219-88.

66 T.C.M. 57 (1993)

T.C. Memo. 1993-298

Automotive Investment Development Inc. v. Commissioner.

United States Tax Court.

Filed July 12, 1993.


Attorney(s) appearing for the Case

Howard M. Potts, James E. Kelley, Patrick J. Nelson, 1101 Walnut, Kansas City, Mo., for the petitioner. Alan M. Jacobson, for the respondent.


Memorandum Findings of Fact and Opinion

WHALEN, Judge:

Respondent determined a deficiency of $533,748.86 in petitioner's Federal income tax for 1984, and a deficiency of $544,056.60 in petitioner's Federal income tax for 1985. The issue for decision is whether the compensation paid to petitioner's president and sole shareholder, Mr. Larry Van Tuyl, is deductible under section 162(a)(1). All section references...

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