Don’t Skimp on S Corporation Salaries
S corporation owners often take modest salaries as a tax-saving strategy. By distributing most of the corporation’s profits in the form of dividends rather than wages, the company and its […]
Setting the Salaries and Benefits of Your Executives
Rules known as “intermediate sanctions” allow the IRS to assess penalties against nonprofit executives who receive excess compensation — and the board members who approve it. Do you and your […]
IRS Scrutiny of Unreasonable Salaries Likely to Continue
If your company is structured as an S corporation, you more than likely considered the tax advantages of this entity choice. But, as is the way of the world, tax […]