Summary
The Tax Court determined that the petitioner’s compensation deduction with regard to its majority stockholders/corporate officers’ bonuses was unreasonable.
See Also
Haffner's Service Stations, Inc. v. CIR
The Tax Court determined that the petitioner’s compensation deduction with regard to its majority stockholders/corporate officers’ bonuses was unreasonable. The Tax Court applied the multifactor test viewed through the lens of a reasonable investor. The ...