¹Rev. Rul. 59-221, 1959-1 CB 225.

²Treasury Inspector General for Tax Administration report, The Internal Revenue Service Does Not Always Address Subchapter S Corporation Officer Compensation During Examinations, Ref. No. 2002-30-125 (July 2002), available at www.ustreas.gov/tigta/2002reports/200230125fr.pdf.

³Spicer Accounting, Inc., 918 F2d 90 (9th Cir. 1990).

⁴Joseph Radtke, S.C., 895 F2d 1196 (7th Cir. 1990).

⁵Carol Davis, d/b/a Mile High Calcium, Inc., DC CO, 7/15/94.

⁶Veterinary Surgical Consultants, P.C., 117 TC 141 (2001), affd, 54 Fed. Appx. 100 (3d Cir. 2002), cert. den.

⁷Yeagle Drywall Co., Inc., TC Memo 2001-284, affd, 54 Fed. Appx. 100 (3d Cir. 2002), cert. den.

⁸Olde Raleigh Realty Corp., TC Summ. Op. 2002-61.

⁹Joseph M. Grey Public Accountant, P.C., 119 TC 121 (2002).

¹⁰Water-Pure Systems, Inc., TC Memo 2003-53; Nu-Look Design, Inc., TC Memo 2003-52, affd, 356 F3d 290 (3d Cir. 2004); Specialty Transport & Delivery Services, Inc., TC Memo 2003-51, affd, 3d Cir., 3/12/04; Superior Proside, Inc., TC Memo 2003-50, affd, 86 Fed. Appx. 510 (3d Cir. 2004); Mike J. Graham Trucking, Inc., TC Memo 2003-49; and Veterinary Surgical Consultants, P.C., TC Memo 2003-48, affd, 3d Cir., 3/10/04.