Summary
The Tax Court applied the hypothical invetsor test to determine whether the compensation a corporation paid to its controlling shareholders was reasonable. It considered the mulit-factor test from a reasonable investor's point of view. In doing so, the c ...
Normandie Metal Fabricators, Inc. v. CIR
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See Also
Hypothetical Investor Test Used to Determine Officers’ Reasonable Compensation
The Tax Court applied the hypothical invetsor test to determine whether the compensation a corporation paid to its controlling shareholders was reasonable.