K & K Veterinary Supply, Inc. v. Commissioner

T.C. Memo. 2013-84

UNITED STATES TAX COURT K & K VETERINARY SUPPLY, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 9442-11. Filed March 25, 2013. John P. Neihouse and Laurence M. McCredy, for petitioner. Kirk Steven Chaberski, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION COHEN, Judge: Respondent determined deficiencies of $499,267 and $291,798 in petitioner’s Federal income tax for taxable years ended May 31, 2006, and May 31, 2007, respectively. The issues for decision are: (1) whether amounts paid as compensation to officers and certain employees are…