Dexsil Corporation (Dexsil III) v. CIR

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Full Text of Court Cases
May 5, 1999
federal taxation

Dexsil Corporation (Dexsil III) v. CIR
T.C. Memo. 1999-155
US
Federal Court
United States Tax Court
Cohen

Summary

The Tax Court affirmed its earlier decision denying Dexsil an IRC sec. 162 deduction in excess of reasonable compensation. It rejected Dexsil's evidence of the annual rate of return for NYSE companies. The court found that the NYSE evidence did not indic ...
Dexsil Corporation (Dexsil III) v. CIR
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See Also

The Hypothetical Investor Test Is Not Limited to a Rate of Return Analysis

The Tax Court affirmed its earlier decision denying Dexsil an IRC sec. 162 deduction in excess of reasonable compensation.