Memorandum Findings of Fact and Opinion
LARO, Judge:
Mad Auto Wrecking, Inc. petitioned the Court to redetermine respondent's determination of deficiencies of $230,867, $138,718, and $166,530 in its 1989, 1990, and 1991 Federal income taxes, respectively. We must decide whether amounts paid by petitioner to its only officers/shareholders are reasonable compensation under section 162(a)(1); respondent determined that $1,503,322 of the $2,173,000 claimed by...
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