9th Circuit Affirms Tax Court Reasonable Compensation Ruling

Business Valuation UpdateVol. 6 No. 10
Legal and Court Case Update
October 2000

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7336 Commercial Art and Graphic Design
541430 Graphic Design Services
federal taxation
reasonable compensation, income tax
LabelGraphics, Inc. v. Commissioner (II)
221 F.3d 1091, 2000 U.S. App. LEXIS 18967
August 8, 2000
US
Federal Court
9th Circuit
United States Court of Appeals
John Culbertson (for taxpayer)<br>Pamela Jones (for taxpayer)<br>Paul T. Clausen (for IRS)
McKeown

Summary

This decision affirms the Tax Court case abstracted in the December 1998 BVU, p. 5.

See Also

LabelGraphics, Inc. v. Commissioner (II)

Full Text of Court Cases
August 8, 2000

At issue is the determination of reasonable employee compensation for deduction as an ordinary and necessary business expense.