Osborne & Clark Lumber Co. v. Commissioner

Board of Tax Appeals

Osborne & Clark Lumber Co. v. Commissioner

8 B.T.A. 382, 1927 BTA LEXIS 2896

CourtUnited States Board of Tax Appeals

DecidedSeptember 29, 1927

DocketDocket No. 10493.

StatusPublished

Cited by1 cases

This text of 8 B.T.A. 382 (Osborne & Clark Lumber 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

Osborne & Clark Lumber Co. v. Commissioner, 8 B.T.A. 382, 1927 BTA LEXIS 2896 (bta 1927).

Pincite

Opinion

[383]*383OPINION.

Smith.

The only question before us is the reasonableness of the amounts of compensation paid to Clark, the president of the petitioner corporation, in the years 1919 and 1920. These amounts aggregated $13,032.63 and $14,574.79 for the taxable years, respectively.

In the light of the evidence we are of the opinion that they constituted only reasonable amounts for compensation. The fact that these amounts were not classified on the books as salaries is immaterial. They were paid as compensation for services.

Judgment will be entered on 15 days’ notice, under Rule 50.

Considered by Littleton and Love.

Free access — add to your briefcase to read the full text and ask questions with AI