Venture Funding, Ltd. v. Commissioner

Business Valuation Update BVLaw
Legal and Court Case Update
November 9, 1999

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6799 Investors, NEC
523910 Miscellaneous Intermediation
federal taxation
Venture Funding, Ltd. v. Commissioner of Internal Revenue
198 F.3d 248,1999 U.S. App. LEXIS 29856
US
Federal Court
6th Circuit
United States Court of Appeals
Per curiam

Summary

The U.S. Court of Appeals for the 6th Circuit affirmed the Tax Court's ruling that petitioner was not entitled to a deduction under 26 U.S.C. § 83 equal to the value of stock transferred to its employees.

See Also

Venture Funding, Ltd. v. Commissioner of Internal Revenue

Full Text of Court Cases
November 9, 1999

At issue is the deduction for the business expense of compensation for personal services by Venture Funding.