Venture Funding, Ltd. v. Commissioner of Internal Revenue

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November 9, 1999

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6799 Investors, NEC
523910 Miscellaneous Intermediation
federal taxation
Venture Funding, Ltd. v. Commissioner of Internal Revenue
198 F.3d 248,1999 U.S. App. LEXIS 29856
US
Federal Court
6th Circuit
United States Court of Appeals
Per curiam

Summary

At issue is the deduction for the business expense of compensation for personal services by Venture Funding.

See Also

Venture Funding, Ltd. v. Commissioner

Legal and Court Case Update
November 9, 1999

The U.S. Court of Appeals for the 6th Circuit affirmed the Tax Court's ruling that petitioner was not entitled to a deduction under 26 U.S.C. § 83 equal to the value of stock transferred to its employees.