Reasonable compensation in closely held corporations ESSAY
Please see the attachment for guidelines on how the essay should be written.
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 Do not quote; give an explanation on your own words after footnoting the quote.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