Heron Metal Bed Co. v. Commissioner

Board of Tax Appeals

Heron Metal Bed Co. v. Commissioner

2 B.T.A. 305, 1925 BTA LEXIS 2452

CourtUnited States Board of Tax Appeals

DecidedJuly 11, 1925

DocketDocket No. 3236.

StatusPublished

This text of 2 B.T.A. 305 (Heron Metal Bed Co. v. Commissioner) is published on Counsel Stack Legal Research, covering United States Board of Tax Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Heron Metal Bed Co. v. Commissioner, 2 B.T.A. 305, 1925 BTA LEXIS 2452 (bta 1925).

Pincite

Opinion

The taxpayer appeals from a determination of a deficiency in income and profits tax of $4,MO for the calendar year 1919, resulting from the disallowance of a deduction for salary of its president.

BINDINGS OE PACT.

During the calendar year 1919 the taxpayer paid its president a salary of $9,000. The president performed substantial service during that year, the directors considered that such services were worth $9,000 in that year, and by a resolution duly adopted such salary was authorized. The Commissioner disallowed the deduction. The salary was reasonable.

DECISION.

The deficiency determined by the Commissioner is disallowed.

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