Unreasonable compensation and the independent investor test

Article Abstract:

The authors analyze issues regarding the taxation of unreasonable compensation in close corporations and the application of the independent investor test to determine the tax on such compensation.

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Is there a Supreme Court mandate on capitalizing expenditures?

Article Abstract:

The author discusses the dispute among US courts on whether corporate restructuring expenditures must be capitalized or can be deducted.

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Compensation expense: intent is critical

Article Abstract:

The authors discuss the aspect of intent when making compensation payments to stockholder-employees in regards to expense deductions.

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