MATTER OF REGAN & REGAN, P. C.


256 A.D.2d 829 (1998)

681 N.Y.S.2d 675

In the Matter of REGAN & REGAN, P. C., Appellant. COMMISSIONER OF LABOR, Respondent.

Appellate Division of the Supreme Court of the State of New York, Third Department.

Decided December 17, 1998.


Mikoll, J. P.

Regan & Regan, P. C. (hereinafter R & R) is a professional service corporation engaged in the practice of law. For Federal income tax purposes, it is a subchapter S corporation, closely held by two shareholders who are partners in the law firm. One shareholder serves as the corporation's president while the other serves as its corporate secretary. In these roles, both individuals performed corporate administrative duties for which they were compensated...

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