Independent Investor Test Is One Factor Among Many in the 9th Circuit When Considering Reasonable Compensation

Business Valuation Update BVLaw
Legal and Court Case Update
July 23, 2004

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6531 Real Estate Agents and Managers
531210 Offices of Real Estate Agents and Brokers
federal taxation
Metro Leasing and Development Corporation (Metro Leasing II) v. CIR
No. 02-73933 (9th Cir. 2004)
US
Federal Court
9th Circuit
United States Court of Appeals
Andrea R. Tebbets, Burgess J. W. Raby
Tallman

Summary

The U.S. Court of Appeals underscored that the independent investor test is but one of several factors to be considered when determining reasonable and deductible compensation under sec. 162 and is not dispositive of the issue.

See Also

Metro Leasing and Development Corporation v. CIR (II)

Full Text of Court Cases
July 23, 2004

The U.S. Court of Appeals underscored that the independent investor test is but one of several factors to be considered when determining reasonable and deductible compensation under sec. 162 and is not dispositive of the issue.