4th Circ. Says CEO's $10M In Bonuses Not Fully Deductible

By Theresa Schliep · May 31, 2023, 2:17 PM EDT

A land excavation and grading company owes nearly $2 million in taxes after the Fourth Circuit on Wednesday affirmed a U.S. Tax Court decision concluding it couldn't deduct the entirety of...

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Case Information

Case Title

Clary Hood, Inc. v. Commissioner of Internal Revenue

Case Number

22-1573

Court

Appellate - 4th Circuit

Nature of Suit

U.S. Tax Court 

Date Filed

May 25, 2022