Mulcahy, Pauritsch, Salvador & Co. v. Commissioner

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Full Text of Court Cases
March 31, 2011
8721 Accounting, Auditing, and Bookkeeping Services
541219 Other Accounting Services
federal taxation
expert testimony, reasonable compensation, comparable, deduction

Mulcahy, Pauritsch, Salvador & Co. v. Commissioner
2011 Tax Ct. Memo LEXIS 107
US
Federal Court
Federal
United States Tax Court
Mark Rosenberg (petitioner); unknown (respondent)
Morrison

Summary

Tax Court says, under independent investor test, taxpayer is not entitled to presumption that deductions for “consulting fees” are reasonable compensation; firm’s expert relied on irrelevant statistics to support reasonable compensation for services claim ...
Mulcahy, Pauritsch, Salvador & Co. v. Commissioner
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