Graybar Electric Co., Inc., 17 T.C. 92 (1951): Substance Over Form in Tax Deductions – Determining the True Nature of Payments

February 11, 1958

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Graybar Electric Co., Inc., 17 T.C. 92 (1951)

The court will examine the substance of a transaction rather than merely the labels the parties attach to it, particularly when determining whether payments are deductible as compensation for services in tax cases.

Summary

Graybar Electric sought to deduct certain

Full Opinion

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SCOTUS Reports

Graybar Electric Co., Inc., 17 T.C. 92 (1951): Substance Over Form in Tax Deductions – Determining the True Nature of Payments

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