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Full Version: Is Brother of HCE an HCE?
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Lynn Campbell
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?
Bill
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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