New York Talking Mach. Co. v. Commissioner
United States Board of Tax Appeals
1. Fixed salaries and additional compensation based on profits authorized and paid to officers during the years 1918 and 1919 allowed as an expense deduction where such compensation was for personal services actually rendered and was reasonable in amount. 2. A notice of a deficiency sent to one of two affiliated corporations which does not show a determination of any additional tax liability on behalf of the other affiliated company does not, in the absence of any agreement…
Read the full summary
1. Fixed salaries and additional compensation based on profits authorized and paid to officers during the years 1918 and 1919 allowed as an expense deduction where such compensation was for personal services actually rendered and was reasonable in amount. 2. A notice of a deficiency sent to one of two affiliated corporations which does not show a determination of any additional tax liability on behalf of the other affiliated company does not, in the absence of any agreement between the companies, authorize the filing of an appeal with the Board by the corporation to which no notice of a…
1Opinion of the Court
NEW YORK TALKING MACHINE CO., AND CHICAGO TALKING MACHINE CO., PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
New York Talking Mach. Co. v. Commissioner
Docket No. 12363.
United States Board of Tax Appeals
13 B.T.A. 154; 1928 BTA LEXIS 3297;
August 1, 1928, Promulgated
1. Fixed salaries and additional compensation based on profits authorized and paid to officers during the years 1918 and 1919 allowed as an expense deduction where such compensation was for personal services actually rendered and was reasonable in amount.
2. A notice of a deficiency sent to one of two affiliated…
2Cases cited3 opinions
- American Creosoting Co. v. CommissionerUnited States Board of Tax Appeals · 1928
- New York Talking Machine Co. v. CommissionerUnited States Board of Tax Appeals · 1928
- New York Talking Mach. Co. v. CommissionerUnited States Board of Tax Appeals · 1928