Jacksonville Paper Co. v. Commissioner
United States Tax Court
1. On its income tax returns for each of the fiscal years, July 31, 1923, to June 30, 1927, and from June 30, 1929, to May 31, 1942, Jacksonville deducted amounts for salaries paid to Matthew and Clyde McGehee, and in many years to Clifford McGehee, knowing that a part of the amounts so claimed would not be and were not, in fact, salaries. Held, Jacksonville was not entitled to deductions for salaries, even though the amounts deducted might be reasonable in amount.
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1. On its income tax returns for each of the fiscal years, July 31, 1923, to June 30, 1927, and from June 30, 1929, to May 31, 1942, Jacksonville deducted amounts for salaries paid to Matthew and Clyde McGehee, and in many years to Clifford McGehee, knowing that a part of the amounts so claimed would not be and were not, in fact, salaries. Held, Jacksonville was not entitled to deductions for salaries, even though the amounts deducted might be reasonable in amount. Held, further, its returns for all of the years here in issue were fraudulently filed with intent to evade tax. 2. In 1936, 1937,…
1Opinion of the Court
Jacksonville Paper Company, et al. 1 v. Commissioner.
Jacksonville Paper Co. v. Commissioner
Docket Nos. 14884, 14885, 14893, 14894, 106497-106500.
United States Tax Court
T.C. Memo 1954-116; 1954 Tax Ct. Memo LEXIS 136; 13 T.C.M. (CCH) 728; T.C.M. (RIA) 54223;
July 30, 1954, Filed
1. On its income tax returns for each of the fiscal years, July 31, 1923, to June 30, 1927, and from June 30, 1929, to May 31, 1942, Jacksonville deducted amounts for salaries paid to Matthew and Clyde McGehee, and in many years to Clifford McGehee, knowing that a part of the amounts so claimed would not be and were not,…
2Cases cited19 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Lucas v. EarlSupreme Court of the United States · 1930
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Commissioner v. CulbertsonSupreme Court of the United States · 1949
- Gano v. CommissionerUnited States Board of Tax Appeals · 1930
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3Cited by5 opinions
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- Troop Water Heater Co. v. BinglerDistrict Court, W.D. Pennsylvania · 1964