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billyoung
Level 2
July 26, 2022
Question

Is officer compensation in excess of 1,000,000 duectible if the corporation is privately held

  • July 26, 2022
  • 2 replies
  • 9 views
the instructions for the 1125-E address publicly held corp officer compensation only
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2 replies

sjrcpa
sjrcpa
Level 15
July 26, 2022

Because that rule only applies to publicly held corporations.

The more I know the more I don’t know.
    B
    billyoungAuthor
    Level 2
    July 26, 2022

    thank you

      sjrcpa
      sjrcpa
      Level 15
      July 26, 2022

      You're welcome.

      Just remember that the compensation needs to be reasonable and not a disguised dividend.

      The more I know the more I don’t know.
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