Reasonable Compensation Analysis Rejected for Lack of Reasonable Comparables

Business Valuation UpdateVol. 12 No. 11
Legal and Court Case Update
November 2006

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6231 Security and Commodity Exchanges
523210 Securities and Commodity Exchanges
estate and gift taxation
Wechsler & Co. v. Commissioner of Internal Revenue
2006 Tax Ct. Memo LEXIS 175
August 17, 2006
US
Federal Court
United States Tax Court
Carmen M. Baerga, Edward I. Foster, Harold N. Pappas, Jessica S. Powers, Joseph W. Fogelson, Leonard D. Steinman, Marvis A. Knospe
Gilbert Matthews, Paul Dorf (taxpayers); Scott Hakala (IRS)
Halpern

Summary

Court rejects reasonable compensation analysis for lack of reasonable comparables to broker/dealer in convertible securities.

See Also

Wechsler & Co. v. Commissioner of Internal Revenue

Full Text of Court Cases
August 17, 2006

Court rejects reasonable compensation analysis for lack of reasonable comparables to broker/dealer in convertible securities ...