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Compensation: Determining What is Reasonable – And Deductible

By Farrell Fritz P.C. on May 16, 2016
Posted in Federal Tax Issues

The clash between the form in which a corporate taxpayer casts a payment to a shareholder-employee, and the substance of such a payment, has been played out in the courts for as long as there has been a corporate income tax. The stakes involved can be significant. (See, e.g., A Story of Law Firm Compensation…

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