ERI, RMA, and NIBM Data Rejected in Reasonable Compensation Determination

Business Valuation Update BVLaw
Legal and Court Case Update
May 19, 2005

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federal taxation
Miller & Sons, Inc. v. CIR
T.C. Memo. 2005-114
US
Federal Court
United States Tax Court
David W. Sorensen, Rodger G. Mohagen
William C. Herber <br> Leonard J. Sliwoski <br>
Goeke

Summary

The U.S. Tax Court determined that compensation paid to owner-shareholders was reasonable and deductible under I.R.C. sec. 162.

See Also

Miller & Sons, Inc. v. CIR

Full Text of Court Cases
May 19, 2005

The U.S. Tax Court determined that compensation paid to owner-shareholders was reasonable and deductible under I.R.C. sec. 162. In reaching this conclusion the Court rejected a comparison of the contested compensation to data from industry surveys complie ...