¹⁹Ann. 2001-92, IRB 2001-39, 301.

²⁰Rev. Proc. 2002-50, IRB 2002-29, 173.

²¹NPRM REG-209114-90 (2/20/02, corrected 6/21/02).

²²Rev. Proc. 2002-45, IRB 2002-27, 40, modifying Rev. Proc. 2002-13, IRB 2002-8, 549.

²³Rev. Proc. 2002-13, note 22 supra.

²⁴Rev. Proc. 98-34, 1998-1 CB 983.

²⁵IRS Letter Ruling 200212013 (3/22/02).

²⁶IRS Letter Ruling 200152003 (12/28/01).

²⁷Reg. S-K, 17 CFR 229.402, Item 402.

²⁸IRS Letter Ruling 200212007 (3/22/02); see also IRS Letter Ruling 200204005 (1/25/02).

²⁹SCA 200203018 (10/15/02).

³⁰Haffner’s Service Stations, Inc., TC Memo 2002-38.

³¹Exacto Spring Corp., 196 F3d 833 (7th Cir. 1999); see Friske and Smith, “The Status of the ‘Independent Investor’ Test in Reasonable Compensation Determinations,” 31 The Tax Adviser 406 (June 2000).

³²Wagner Construction, Inc., TC Memo 2001-160.

³³Rev. Rul. 2002-27, IRB 2002-20, 925.

³⁴IRS Letter Ruling 200206056 (2/8/02).

³⁵Rev. Rul. 2002-3, IRB 2002-3, 16.

³⁶Rev. Rul. 61-146, 1961-2 CB 25.