When are Pre-Merger Officer Salaries and Investigatory Expenses Deductible under Section 162? The Eighth Circuit’s Answer in: Wells Fargo & Co. v. Commissioner

In Wells Fargo & Co. v. Commissioner, the U.S. Court of Appeals for the Eighth Circuit held that salaries paid to corporate officers who provided services in connection with a capital acquisition were deductible as ordinary business expenses under section 162 of the Code. ...

Kelsey Lemaster