[Download] "Throckmorton v. St. Louis-San Francisco Ry. Co." by United States Court of Appeals Eighth Circuit. * Book PDF Kindle ePub Free
eBook details
- Title: Throckmorton v. St. Louis-San Francisco Ry. Co.
- Author : United States Court of Appeals Eighth Circuit.
- Release Date : January 13, 1950
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 67 KB
Description
This is a petition to review a decision of the Tax Court redetermining deficiencies in the excess profits tax liability of the petitioner for the years 1942, 1943 and 1944. In each of those years the petitioner, which is engaged at North Kansas City, Missouri, in the business of making and selling structural steel and iron and steel products, had paid to its officers, as compensation for their services, a total of $74,000, and in its tax returns for each of the years had taken a deduction for that amount. The Commissioner, for each of the years, disallowed the deduction to the extent of $24,500, upon the ground that $49,500 constituted reasonable compensation for the services of petitioners officers in each of the years in question. He determined deficiencies in the petitioners excess profits tax liability as follows: 1942, $18,465.44; 1943, $21,075.70; 1944, $20,868.80. The Commissioner also found small deficiencies in the income tax liability of petitioner for the years in suit.
![](http://pinterest.com/pin/create/button/?url=https://ukgitxzlcp.blogspot.com/2021/01/download-throckmorton-v-st-louis-san.html&media=https://is2-ssl.mzstatic.com/image/thumb/Publication/v4/b5/4b/0f/b54b0f8c-77e0-5e13-c9df-9fa51edb8d95/source/700x700bb.jpg&description=[Download] "Throckmorton v. St. Louis-San Francisco Ry. Co." by United States Court of Appeals Eighth Circuit. * Book PDF Kindle ePub Free){kind=link}