MEMORANDUM FINDINGS OF FACT AND OPINION
COHEN, Chief Judge:
Respondent determined a deficiency of $214,220 in petitioner's Federal income tax for the tax year ended June 30, 1990. The issue for decision is whether deductions claimed by petitioner for salary and bonuses paid to its officers, who were also shareholders, exceeded reasonable compensation.
Unless otherwise indicated, all section references are to the Internal Revenue Code in effect for...
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