- 6 -
petitioner by Western Family Foods, Inc. for use at the food
shows and the amount of such funds actually distributed at the
food shows. Thus, petitioner's taxable income was increased by
$24,384 for 1989 and $17,042 for 1990, respectively.
It was discovered later that petitioner had, in fact,
already reported these amounts. The original Rule 155
computation results in a double inclusion of these amounts in
income. Accordingly, petitioner's income should be reduced by
$24,384 and $17,042 for 1989 and 1990, respectively.
For the foregoing reasons,
Decision will be entered
under Rule 155.
Page: Previous 1 2 3 4 5 6
Last modified: May 25, 2011