Suwannee Lumber Mfg. Co. v. Commissioner
United States Tax Court
Held, petitioner was availed of for the purpose of avoiding income tax with respect to its shareholders. Held, further, amounts paid to certain officers of petitioner did not constitute unreasonable compensation for services.
1Opinion of the Court
SUWANNEE LUMBER MANUFACTURING COMPANY, INCORPORATED, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Suwannee Lumber Mfg. Co. v. Commissioner
Docket No. 2912-76.
United States Tax Court
T.C. Memo 1979-477; 1979 Tax Ct. Memo LEXIS 51; 39 T.C.M. (CCH) 572; T.C.M. (RIA) 79477;
November 29, 1979, Filed
Held, petitioner was availed of for the purpose of avoiding income tax with respect to its shareholders. Held, further, amounts paid to certain officers of petitioner did not constitute unreasonable compensation for services.
Kenneth G. Anderson and Ronald D. Fairchild, for the petitioner.
Gerald…
2Cases cited74 opinions
- Botany Worsted Mills v. United StatesSupreme Court of the United States · 1929
- Frank Lyon Co. v. United StatesSupreme Court of the United States · 1978
- Mayson Mfg. Co. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1949
- Ben Perlmutter and Bernice Perlmutter v. Commissioner of Internal Revenue, the Perlmutters, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1967
- Perlmutter v. CommissionerUnited States Tax Court · 1965
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3Cited by1 opinion
- J.H. Rutter Rex Mfg. Company, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1988