Limroth v. Commissioner
This text of 22 B.T.A. 595 (Limroth 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.
Opinion
[596]*596OPINION.
The respondent asserts that the payments made to the stockholders in 1926 represent distributions of corporate assets in the guise of salaries. To sustain his burden of proof he produced as a witness the taxpayer’s bookkeeper, whose uncontradicted testimony was that the payments made to the stockholders in 1926 represented compensation for services rendered. His further testimony was that the sums were reasonable for the services performed. In our opinion respondent has completely failed in his proof.
Decision will be entered for the petitioners.
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Cite This Page — Counsel Stack
22 B.T.A. 595, 1931 BTA LEXIS 2097, Counsel Stack Legal Research, https://law.counselstack.com/opinion/limroth-v-commissioner-bta-1931.