WAGNER CONSTRUCTION, INC. v. COMMISSIONER

Docket No. 3819-99.

81 T.C.M. 1869 (2001)

T.C. Memo. 2001-160

Wagner Construction, Inc. v. Commissioner.

United States Tax Court.

Filed June 29, 2001.


Attorney(s) appearing for the Case

John K. Steffen, Walter A. Pickhardt, and Myron L. Frans, for the petitioner.

Jack Forsberg and Eric W. Johnson, for the respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

PARR, Judge:

Respondent determined deficiencies in petitioner's Federal income tax of $370,158 for the taxable year ending October 31, 1995, and $317,261 for the taxable year ending October 31, 1996.

The issue for decision is whether petitioner may deduct as officer compensation paid to Dennis Wagner (Dennis) and Curtis Wagner (Curtis) for taxable years ending October 31, 1995 and 1996, the amounts shown below...

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