Frost v. Commissioner

Board of Tax Appeals

Frost v. Commissioner

16 B.T.A. 554, 1929 BTA LEXIS 2563

United States Board of Tax Appeals·Decided May 14, 1929·No. Docket No. 26422.·Published·Cited by 1 cases

Opinion

[555]*555OPINION.

Maequette :

We are satisfied from the evidence that the petitioner, in the conduct of his business, employed a number of persons in the years 1922 to 1924, inclusive, and that he paid them salaries as claimed by him in his returns. The amounts of the salaries are properly deductible in computing the petitioner’s net income for the taxable years.

Judgments of no deficiencies will be entered for 'petitioner.

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[555]*555OPINION.

Maequette :

We are satisfied from the evidence that the petitioner, in the conduct of his business, employed a number of persons in the years 1922 to 1924, inclusive, and that he paid them salaries as claimed by him in his returns. The amounts of the salaries are properly deductible in computing the petitioner’s net income for the taxable years.

Judgments of no deficiencies will be entered for 'petitioner.

Frost v. Commissioner, 16 B.T.A. 554, 1929 BTA LEXIS 2563 (bta 1929).

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Opinion

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