The Globe, Inc. v. Commissioner
United States Board of Tax Appeals
On its income tax returns, which were filed on the basis of cash receipts and disbursements, the petitioner deducted amounts as salaries which it neither paid nor credited in the taxable years. Held, the deductions should be disallowed and the fraud penalties affirmed.
1Opinion of the Court
THE GLOBE, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
The Globe, Inc. v. Commissioner
Docket No. 46791.
United States Board of Tax Appeals
28 B.T.A. 119; 1933 BTA LEXIS 1175;
May 17, 1933, Promulgated
On its income tax returns, which were filed on the basis of cash receipts and disbursements, the petitioner deducted amounts as salaries which it neither paid nor credited in the taxable years. Held, the deductions should be disallowed and the fraud penalties affirmed.
David E. Coffman, Esq., for the petitioner.
J. M. Leinenkugel, Esq., and R. B. Cannon, Esq., for the respondent.
L…
2Cases cited1 opinion
- The Globe, Inc. v. CommissionerUnited States Board of Tax Appeals · 1933