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Dental practice's “management fees” weren't deductible.

Per Ninth Circuit Court

January 22, 2016

The Court of Appeals for the Ninth Circuit, affirming the Tax Court, has determined that a dental practice wasn't entitled to deduct purported management fees paid to a related entity. The fees weren't ordinary and necessary within the meaning of Code Sec. 162; there was no indication that the entity actually performed any services in exchange for the fees. The Court also upheld the imposition of accuracy-related penalties. Elick v. Comm., (CA 9 1/6/2016) 116 AFTR 2d ¶ 2016-345

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