Tax Court’s Adjustment to Reasonable Compensation ‘Dizzying and Arbitrary’

Business Valuation UpdateVol. 15 No. 6
Legal and Court Case Update
June 2009

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5211 Lumber and Other Building Materials Dealers
444110 Home Centers
federal taxation
reasonable compensation
Menard v. Commissioner (II)
2009 WL 595587 (C. A. 7)
March 10, 2009
US
Federal Court
7th Circuit
Court of Appeals
Posner

Summary

7th Circuit reverses Tax Court’s determination of reasonable compensation for CEO of third largest retail hardware chain, questioning its reliance on investor rate of return as the sole driver of a decision.

See Also

Menard v. Commissioner (II)

Full Text of Court Cases
March 10, 2009

Seventh Circuit reverses Tax Court’s determination of reasonable compensation for CEO of third largest retail hardware chain, questioning its reliance on investor rate of return as the sole driver of a decision, and rejecting its comparison to comparable ...