Eighth Circuit affirms S corporation shareholder’s compensation was not reasonable

Posted on March 3, 2012 by dannynelson • 0 Comments

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)).