Executive’s Compensation Found Unreasonable

Business Valuation Update BVLaw
Legal and Court Case Update
October 14, 1997

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8099 Health and Allied Services, NEC
621999 All Other Miscellaneous Ambulatory Health Care Services
federal taxation
Alpha Medical, Inc. (Alpha Medical I) v. CIR
T.C. Memo. 1997-464
US
Federal Court
United States Tax Court
Parr

Summary

The Tax Court considered whether a CEO's compensation was reasonable and thus deductible to the company under IRC Sec. 162.

See Also

Alpha Medical, Inc. (Alpha Medical I) v. CIR

Full Text of Court Cases
October 14, 1997

The Tax Court considered whether a CEO's compensation was reasonable and thus deductible to the company under IRC Sec. 162. The Tax Court applied a multi-factor test which considered the executive's qualifications, the executive's past compensation, the ...