Case: Rome Wire Co., Petitioner, v. Commissioner of Internal Revenue, Respondent
Abbreviation: Rome Wire Co. v. Commissioner
Decision Date: 1927-09-29
Docket Number: Docket No. 8759
Citation: 8 B.T.A. 369
Volume: 8
Reporter: Reports of the United States Board of Tax Appeals
Court: United States Board of Tax Appeals
Jurisdiction: United States
Parties: Rome Wire Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: Considered by Steknhagen and Arundell.
Pages: 369–372

Head Matter:
Rome Wire Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 8759.
Promulgated September 29, 1927.
O. R. Dewey, Esq., for the petitioner.
George G. Witter, Esq., for the respondent.

Opinion:
OPINION.
Lansdon :
The only matter before the Board for determination is as to whether the several amounts paid to Messrs. Dyett, Potter, and Keeney during the year 1917 were paid in compensation for services performed by them during the year. United States v. Philadelphia Knitting Mills Co., 273 Fed. 657. About 24 per cent of these payments were denominated by the directors as salaries and 76 per cent as bonuses. All the evidence before the Board in this proceeding is to the effect that the amounts paid by the corporation were compensation for services actually performed during the taxable year and that the amounts were all paid during that year. From the evidence, we ' think the amounts constituted no more than reasonable compensation for services.
Judgment will be entered for the petitioner on 10 days' notice, under Rule 50.
Considered by Steknhagen and Arundell.