Nor-Cal Adjusters, AKA Nor-Cal Insurance Adjusters, Formerly Hobson Adjusters, a Corporation v. Commissioner of Internal Revenue

U.S. Court of Appeals, Ninth Circuit · Decided 1974-09-05

Cited by 122 later decision(s) in our corpus · see the citation network in Lexace

From the opinion

TRASK, Circuit Judge (dissenting): As the majority correctly points out Internal Revenue Code of 1954, section 162(a) (l) 1 requires that for compensation paid by a corporation to its officers to be deductible as expenses, the compensation must (1) be reasonable in amount and, (2) must be for personal services actually rendered. <p "b…

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