Case Name: Osborne & Clark Lumber Co., Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1927-09-29
Citations: 8 B.T.A. 382
Docket Number: Docket No. 10493
Parties: Osborne & Clark Lumber Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: Considered by Littleton and Love.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 8
Pages: 382–383

Head Matter:
Osborne & Clark Lumber Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 10493.
Promulgated September 29, 1927.
W. Yale Smiley, Esq., and Harry Harper, G. P. A., for the petitioner.
J. Hcorry Byrne, Esq., for the respondent.

Opinion:
OPINION.
Smith.
The only question before us is the reasonableness of the amounts of compensation paid to Clark, the president of the petitioner corporation, in the years 1919 and 1920. These amounts aggregated $13,032.63 and $14,574.79 for the taxable years, respectively.
In the light of the evidence we are of the opinion that they constituted only reasonable amounts for compensation. The fact that these amounts were not classified on the books as salaries is immaterial. They were paid as compensation for services.
Judgment will be entered on 15 days' notice, under Rule 50.
Considered by Littleton and Love.