Archive for June 15th, 2023

Reasonable People Can Disagree

Clary Hood, Inc. v. Commissioner T.C Memo. 2022-15 raised the issue of reasonable compensation under IRC Sec. 162(a)(1). The IRS questioned whether the amounts paid to Mr. Hood were deductible as a necessary business expense. In 1980, Clary Hood and …

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Fairness the New Winning Strategy

By: Riley Busenlener, CPA/ABV, ASA, AEP, JD Winning a dispute does not require an extreme position, despite what current times would have most believe. An extreme position is not likely to be in either the client’s or attorney’s best interest. …

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