- 10 -
construction projects. Curtis was petitioner's most skilled
equipment operator. He operated the largest heavy equipment
daily and recommended maintenance policies. He recommended and
assisted with petitioner's equipment purchase decisions.
Curtis supervised petitioner's winter logging operations. Since
1985, Boise Cascade Corp. has awarded numerous logging contracts
to petitioner. These contracts were the direct result of Curtis'
effective management and supervision of the logging operation.
Curtis devoted all his work activity to petitioner and
worked long hours, 6 or 7 days a week.
E. Salaries, Bonuses, and Profit-Sharing Contributions Paid by
Petitioner to Dennis and Curtis
From 1986 to 1996, petitioner paid annual salaries, bonuses,
and profit-sharing contributions to Dennis and Curtis as
follows:2
2These amounts were stipulated by the parties as being paid
during the "taxable" year. Petitioner reported all amounts paid
to Dennis and Curtis as compensation during the calendar years
1985 through 1996 on Forms W-2, Wage and Tax Statement. The
stipulated amounts vary slightly from the amounts reported on the
Forms W-2 as paid during the calendar year but vary in much
greater amounts than reported on petitioner's Federal income tax
returns as compensation paid to officers during the taxable
(fiscal) year.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011