Since 1995, Stephen Kirkland has provided analyses, reports, and expert testimony on reasonable compensation amounts for business owners, executives, professionals, trustees, and directors. This involved professional service firms, closely held businesses, hospitals, and other private businesses and tax-exempt organizations across the United States.
As an expert witness, Stephen has helped resolve disputes over compensation amounts in many contexts. Many of the disputes were tax driven, and he has testified in U.S. Tax Court five times to opine on reasonable compensation. Many others involved shareholder disputes at closely held businesses. In marital dissolution, determining reasonable compensation (aka normalized compensation) has been a critical issue for multiple reasons. In addition, bankruptcy trustees have sought to recover officer bonuses that appeared to have been unreasonable compensation. 

 

Services

  • Planning
    Helping companies and non-profits determine reasonable and fair market value pay levels for executives and other key employees.
  • Expert Testimony
    Providing expert witness testimony in U.S. Tax Court and other court cases.
  • Opinion Letters
    Providing comparability data and opinion letters for hospital executives, physicians, non-profit managers, directors, business owners, and other executives.
  • Specialized Services
    Determining guaranty fees for those who personally guarantee corporate debts and/or leases, bonus amounts and catch-up pay for those who were under-compensated in prior years.

.

Challenges to "reasonable" compensation are among the most common, and most complex, issues raised in IRS audits of closely held businesses and tax-exempt organizations.  Similar issues arise in shareholder disputes and business valuations.

Prepare Passionately : Analyze Thoroughly : Write Accurately : Speak Clearly : Illustrate Powerfully

 

An opinion may have great value if it is supported and can be defended.

Let's exchange ideas.

1320 Main Street, Suite 300
Columbia, SC 29201-3266
Telephone: (803) 477-5973