Wiley L. Barron, CPA, LTD. v. Commissioner of Internal Revenue
- December 1, 2017
- Posted by: RCR Admin Team
- Category: Archived
by Beanna J. Whitlock, EA CSA (Guest Author)
T.C. Summary Opinion 2001-10 February 7, 2001
Having become very familiar with the court case, Wiley Barron became easy to talk about, particularly when it came to Sub-Chapter S Corporations and reasonable compensation.
Mr. Barron’s office was located in Pine Bluff, Arkansas. His S Corporation, of which he owned 100%, was formed in 1990 and as a Certified Public Accountant, he was in the business of providing accounting services. He is the only CPA of the S Corporation with two other employees who provide clerical and support services. Mr. Barron, as President, has sole authority over all the actions of the Corporation.