How the IRS Determines Reasonable Compensation with Commentary

Tuesday, August 4, 2015

The IRS internal white paper entitled “Reasonable Compensation Job Aid for IRS Valuation Professionals” dated October 29, 2014 is reviewed, and Michael Gregory provides insights to help you the business appraiser respond to this commentary.   This recently obtained IRS document presents background on this topic area from the perspective of the IRS.   This document was written to help IRS professionals that are reviewing reasonable compensation issues.  Major elements of this document are presented and Michael Gregory offers his insights as to what this might mean for business valuers reviewing reasonable compensation issues while providing valuations for federal tax purposes.

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