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Monday, February 27, 2012

8th Circuit affirms S corporation shareholder’s compensation was not reasonable

BY SALLY P. SCHREIBER
FEBRUARY 24, 2012
The Eighth Circuit affirmed the District Court for the Southern District of Iowa’s decision that an S corporation shareholder’s $24,000 salary was not reasonable compensation and that the $91,044 salary determined by the government’s expert witness was (David E. Watson, P.C., No. 11-1589 (8th Cir. 2/21/12)).


http://www.journalofaccountancy.com/Web/20125206.htm

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