(816) 224-4195 | support@fullertoncpa.com

Client-resources

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

Back to List


In three easy steps, our team can help you
find your path to a sustainable, profitable business
and more individual freedom.

 

mobile-graphic

Latest from Our Blog


qb-proadvisor-desktop qb-proadvisor-advdesktop qb-proadvisor-online qb-proadvisor-advonline qb-proadvisor-enterprise

Learn More

membershipmembershipmembershipmembershipmembershipmembershipmembershipmembershipmembershipmembership