Lynn Campbell Posted November 3, 1998 Posted November 3, 1998 Corp. owned by 2 brothers 50/50. Their brother works for the business, is not an officer, owns no stock, earns about $50,000. Is the brother an HCE?
Guest Bill Posted November 3, 1998 Posted November 3, 1998 No, the ownership attribution rules that may drag him into greater than 5% ownership only apply to spouses, children, parents and grandparents so he'sonly subject to the compensation test on his own.
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