United States Board of Tax Appeals May 23, 1925, Docket No. 2031. (J. E. Duval Printing Co. v. Commissioner)

lead-opinion

*1206OPINION.

Green :

The question here presented is the right of a corporation, after dissolution and in the absence of any agreement as to compensation, to set up on its books additional salaries for officers and to take them as a deduction against the income of the corporation for the taxable period prior to its dissolution.