H.W. Johnson v. Commissioner

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May 11, 2016

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1771 Concrete Work
238110 Poured Concrete Foundation and Structure Contractors
federal taxation
expert testimony, reasonable compensation, sic code, guideline companies, comparable, deduction, risk management association, equity value
H.W. Johnson v. Commissioner
2016 Tax Court Memo LEXIS 94
US
Federal Court
Federal
United States Tax Court
Unknown (taxpayer/petitioner); unknown (IRS/respondent)
Gale

Summary

Tax Court says compensation paid to company owners for managing entity’s daily operations was reasonable; officers were “absolutely integral” to company’s success and company’s rate of return on equity after compensation accorded with industry average.
H.W. Johnson v. Commissioner
PDF, Size: 120 KB

See Also

Return on Equity Analysis Undergirds Reasonable Compensation Claim

Legal and Court Case Update
July 2016

Tax Court says compensation paid to company owners for managing entity’s daily operations was reasonable; officers were “absolutely integral” to company’s success and company’s rate of return on equity after compensation accorded with industry average.