Legal Opinion
Twin City Tile & M. Co. v. Commissioner of Internal Revenue
Court of Appeals for the Eighth Circuit
Decided March 25, 1929No. 8133PublishedCited by 35 opinions
1Opinion of the Court
STONE, Circuit Judge.
This is a petition to review the determination of the Board of Tax Appeals denying certain allowances claimed on account of salaries paid by the petitioner in the years 1919, 1920, and 1921.
This controversy involves the proper construction of section 234(a)(1) of the Revenue Acts of 1918 (40 Stat. 1077), and 1921 (42 Stat. 254), which provide that in computing the net income of a corporation there shall be allowed to the corporation certain deductions from its. gross income, among which is included “a reasonable allowance for salaries or other compensation for personal…
2Cases cited5 opinions
- Botany Worsted Mills v. United StatesSupreme Court of the United States · 1929
- Kendrick Coal & Dock Co. v. Com'r of Internal RevenueCourt of Appeals for the Eighth Circuit · 1928
- Denver Live Stock Com'n Co. v. Com'r of Internal RevenueCourt of Appeals for the Eighth Circuit · 1928
- FEEDERS'SUPPLY CO. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1929
- St. Paul Abstract Co. v. CommissionerCourt of Appeals for the Eighth Circuit · 1929
3Cited by35 opinions
- Electric & Neon, Inc. v. CommissionerUnited States Tax Court · 1971
- Paula Constr. Co. v. CommissionerUnited States Tax Court · 1972
- Heil Beauty Supplies, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1952
- Klamath Medical Service Bureau v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1959
- Alexander Sprunt & Son v. Commissioner of Int. Rev.Court of Appeals for the Fourth Circuit · 1933
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