Heron Metal Bed Co. v. Commissioner
Heron Metal Bed Co. v. Commissioner
2 B.T.A. 305; 1925 BTA LEXIS 2452
Opinion
APPEAL OF HERON METAL BED CO.
Heron Metal Bed Co. v. Commissioner
Docket No. 3236.
2 B.T.A. 305; 1925 BTA LEXIS 2452;
*2452 John S. Fletcher, Esq., for the taxpayer.
*306 Before STERNHAGEN, LANSDON, and LOVE.
The taxpayer appeals from a determination of a deficiency in income and profits tax of $4,140 for the calendar year 1919, resulting from the disallowance of a deduction for salary of its president.
FINDINGS OF FACT.
During the calendar year 1919 the taxpayer paid its president a salary of $9,000. The president performed substantial service during that year, the directors considered that such services were worth $9,000 in that year, and by a resolution duly adopted such salary was authorized. The Commissioner disallowed the deduction. The salary was reasonable.
DECISION.
The deficiency determined by the Commissioner is disallowed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.