Reasonable Compensation Based on Surveys Rejected

Business Valuation Update BVLaw
Legal and Court Case Update
October 3, 2001
1771 Concrete Work
327390 Other Concrete Product Manufacturing
federal taxation

B & D Foundations, Inc. v. CIR
T.C. Memo. 2001-262
US
Federal Court
United States Tax Court
Stuart J. Packard <br> Lawrence P. Gelfond <br>
Beghe

Summary

The Tax Court considered expert testimony regarding reasonable compensation deductions.

See Also

B & D Foundations, Inc. v. CIR

The Tax Court considered expert testimony regarding reasonable compensation deductions. Both parties’ experts based their conclusions on data from RMA, Watson Wyatt, the Conference Board, or studies they performed. The court rejected their conclusions bec ...