Guest Dennis Siko Posted March 9, 1999 Posted March 9, 1999 If Joe is a 5% stockholder and his "son-in-law" works at the company is he a Key Employee or HCE? Likewise with Joe's "mother-in-law" is she a HCE or a Key under IRC Sec. 318. ------------------
Dan Posted March 9, 1999 Posted March 9, 1999 Ownership is attributed to a spouse; also lineal ascendants and descendents. In-laws do not receive any ownership by attribution. ------------------ Dan Smith
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