Reppel Steel & Supply Co. v. Commissioner
United States Tax Court
Held, portion of compensation paid by petitioner to its three officers determined excessive, not for services rendered, and, therefore, not deductible under sec. 162(a)(1), I.R.C. 1954; respondent's determination sustained.
1Opinion of the Court
REPPEL STEEL & SUPPLY CO., INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Reppel Steel & Supply Co. v. Commissioner
Docket No. 4088-72.
United States Tax Court
T.C. Memo 1976-86; 1976 Tax Ct. Memo LEXIS 314; 35 T.C.M. (CCH) 368; T.C.M. (RIA) 760086;
March 22, 1976, Filed
Held, portion of compensation paid by petitioner to its three officers determined excessive, not for services rendered, and, therefore, not deductible under sec. 162(a)(1), I.R.C. 1954; respondent's determination sustained.
James Powers, for the petitioner.
Harold E. Patterson, for the respondent.
IRWIN
MEMORANDUM…
2Cases cited19 opinions
- Botany Worsted Mills v. United StatesSupreme Court of the United States · 1929
- Wichita Term. El. Co. v. Commissioner of Int. R.Court of Appeals for the Tenth Circuit · 1947
- Mayson Mfg. Co. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1949
- Pepsi--Cola Bottling Company of Salina, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1976
- Pepsi-Cola Bottling Co. v. CommissionerUnited States Tax Court · 1974
14 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
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