Is officer compensation in excess of 1,000,000 duectible if the corporation is privately held

[billyoung]

the instructions for the 1125-E address publicly held corp officer compensation only

[sjrcpa]

Because that rule only applies to publicly held corporations.

[billyoung]

thank you

[sjrcpa]

You're welcome.

Just remember that the compensation needs to be reasonable and not a disguised dividend.