Reub Isaacs & Co. v. Commissioner
United States Board of Tax Appeals
The taxpayer is entitled, under section 234(a)(1) of the Revenue Act of 1918, to deduct as an ordinary and necessary expense reasonable extra compensation to officers and employees agreed upon by the directors before the end of the taxable year.
1Opinion of the Court
Appeal of REUB ISAACS & CO., INC.
Reub Isaacs & Co. v. Commissioner
Docket No. 59.
United States Board of Tax Appeals
1 B.T.A. 45; 1924 BTA LEXIS 264;
November 6, 1924, decided Submitted October 12, 1924.
The taxpayer is entitled, under section 234(a)(1) of the Revenue Act of 1918, to deduct as an ordinary and necessary expense reasonable extra compensation to officers and employees agreed upon by the directors before the end of the taxable year.
Mark Eisner, Esq., for the taxpayer.
John D. Foley, Esq. (Nelson T. Hartson, Solicitor of Internal Revenue) for the Commissioner.
LITTLETON
Before GRAUPNER,…
2Cases cited10 opinions
- Stetler v. . McFarlaneNew York Court of Appeals · 1921
- Corinne Mill, Canal & Stock Co. v. ToponceSupreme Court of the United States · 1894
- Bagley v. Carthage, Watertown & Sackets Harbor RailroadNew York Court of Appeals · 1900
- Bartlett v. Mystic River Corp.Massachusetts Supreme Judicial Court · 1890
- Reub Isaacs & Co. v. CommissionerUnited States Board of Tax Appeals · 1924
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