Court Enumerates Five-Factor Reasonable Compensation Test; Experts Offer Little Evidence; Testimony Accorded Little Weight

Business Valuation UpdateVol. 4 No. 12
Legal and Court Case Update
December 1998

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7336 Commercial Art and Graphic Design
541430 Graphic Design Services
federal taxation
reasonable compensation, income tax
Labelgraphics, Inc. v. Commissioner (I)
T.C. Memo 1998-343, 1998 Tax Ct. Memo LEXIS 345
September 28, 1998
US
Federal Court
United States Tax Court
ohn Culbertson (for taxpayer)<br>Pamela Jones (for taxpayer)<br>Paul T. Clausen (for IRS)
Parr

Summary

The main issue at hand in this case is the amount that Labelgraphics is entitled to deduct under Section 162 as reasonable compensation to its president, Lon Martin.

See Also

Labelgraphics, Inc. v. Commissioner (I)

Full Text of Court Cases
September 28, 1998

The main issue in this case is the amount that Labelgraphics is entitled to deduct under Section 162 as reasonable compensation to its president.