Universal Marketing, Inc. - Page 1















                              T.C. Memo. 2007-305                                     


                               UNITED STATES TAX COURT                                


                      UNIVERSAL MARKETING, INC., Petitioner v.                        
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 8744-02.              Filed October 9, 2007.                


               Daniel L. Reeves (officer), for petitioner.                            
               Wesley F. McNamara, for respondent.                                    


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               HAINES, Judge:  Respondent determined a deficiency in                  
          petitioner’s Federal corporate income tax of $170,674 for the               
          fiscal year ending (FYE) May 31, 1996.                                      
               The issues for decision are:  (1) Whether the amounts paid             
          to petitioner’s sole executive and shareholder constituted                  
          reasonable compensation pursuant to section 162(a)(1); and                  






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Last modified: November 10, 2007