Summary
The U.S. Tax Court determined that the amount Menard Inc. paid to its controlling shareholder as compensation and deducted on its 1998 federal tax return under sec. 162 was unreasonable.
See Also
Menard v. Commissioner (I)
The U.S. Tax Court determined that the amount paid by Menard, Inc. to its controlling shareholder as compensation and deducted on its 1998 Federal tax return under sec. 162 was unreasonable. In reaching this conclusion, it valued the long-term incentive c ...