Section Rev 302.14 - Reasonable Compensation for Employees of a Corporation(a) Reasonable compensation for an employee of a corporation shall follow IRC section 162 and related federal authority in determining the gross business profits of a corporation.(b) The business organization shall be allowed to deduct reasonable compensation to an owner employee in determining the gross business profits of a corporation or other organization permitted a federal compensation deduction for any owner employee in arriving at its gross business profits.N.H. Code Admin. R. Rev 302.14
#6853, eff 9-23-98; ss by #8709, eff 8-25-06 (formerly Rev 302.12 )
Amended byVolume XXXV Number 06, Filed February 12, 2015 , Proposed by #10758, Effective 1/16/2015, Expires1/16/2025.