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Chart of Rev. Rul. 70-253 - Payment of Compensation to Partnership Employee Deductible by Partner under §162(a)


Below is a chart of Rev. Rul. 70-365 in which the I.R.S. held that payment of compensation to a partnership employee by a partner is deductible under Code §162(a) when such employee performs duties previously delegated to the partner.

The chart can be viewed as a PDF file here: Rev. Rul. 70-253


Tags: 701 Partnerships, Authority - Revenue Rulings, Charts - Situational Charts