Which of the following is NOT considered a related party for the purpose of limitation on accruals to related parties?
A) Spouse when the taxpayer is an individual.
B) A partner when the taxpayer is a partnership.
C) Brother when the taxpayer is an individual.
D) A minority shareholder when the taxpayer is a corporation.
E) All of the parties in all the choices are related parties.

Question

Quizplus · Accepted Answer

A minority shareholder is not typically considered a related party for the purpose of limitation on accruals to related parties, as they do not have significant control or influence over the corporation.

Which of the Following Is NOT Considered a Related Party