Value Hinges on Reasonable Compensation to an Indispensable Executive

Business Valuation UpdateVol. 4 No. 8
Legal and Court Case Update
August 1998

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3495 Wire Springs
332216 Saw Blade and Handtool Manufacturing
federal taxation
reasonable compensation, income tax
Exacto Spring Corporation v. Commissioner (I)
T.C. Memo 1998-220, 1998 Tax Ct. Memo LEXIS 221
June 24, 1998
US
Federal Court
United States Tax Court
Gerber

Summary

After concessions, the issue for consideration is the amount that Exacto Spring Corp. is entitled to deduct as reasonable compensation to an indispensable executive.

See Also

Exacto Spring Corporation v. Commissioner (I)

Full Text of Court Cases
June 24, 1998

Isue for consideration is the amount that Exacto Spring Corporation is entitled to deduct as reasonable compensation to an indispensable executive.