United States Board of Tax Appeals June 20, 1928, Docket No. 11953. (Henderson Tire & Rubber Co. v. Commissioner)

lead-opinion

*718OPINION.

Milliken:

Petitioner assigns error in the disallowance by respondent of additional salary in the amount of $1,400 to its president. The stated salary of the president for the year in question was $22,500. The sum sought to be deducted is in addition thereto. During the year 1918, the president overdrew his salary to the extent of $1,400.