Reasonable compensation in closely held corporations ESSAY

Reasonable compensation in closely held corporations

4-5 pages double-spaced

1” margins all around

12 size font, times new roman

Introduction

Why it’s an issue? (i.e., “This is a problem because is frequently litigated”)

Statutory Authority

-Internal Revenue Code that relates to the issue/topic. Do not quote; give an explanation on your own words after footnoting the quote.

Administrative Authority

-US Treasure regulations

-Revenue rulings

Judicial Authority

-Court cases (4-5 cases) i.e.,  H. W. Johnson, Inc. v. Commissioner

-For EACH case:

-Summary of the facts

-Taxpayers argument

-IRS’ argument

-Judge’s decision and why

Conclusion

-Tie it all together

-Make recommendations

-Give insight