Farmers Feed Co. of New York v. Commissioner

*548OPINION.

MoReis:

The first question raised by the pleadings relates to the disalloivance of additional salaries of $60,000 for 1917 or, in the alternative, for 1918. The petitioner entered the amount of the additional salaries and credited the several officers and employees affected b3^ the increase upon its books prior to the closing thereof for the fiscal year 1917, and claimed the deduction in the return for that year. As the year 1917 was disposed of by our prior opinion, the only question with which we are here. concerned is whether the additional salary is deductible for the year 1918.…