OPINION
McKEOWN, Circuit Judge:
This case stems from a bonus-characterized by the taxpayer itself as "unusually high"-paid to the president of a closely held, single-shareholder corporation. The taxpayer, LabelGraphics, Inc., ("Label-Graphics") appeals the Tax Court's decision that only $406,000 of the $878,913 paid to its president, Lon D. Martin ("Martin"), in fiscal year 1990, was reasonable compensation and therefore deductible as an ordinary and necessary...
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