Add to ORKGIt has been clear for more than two decades – unreasonably low salaries and wages in an S corporation will, almost certainly, lead to audits, additional FICA and FUTA tax assessments, interest and penalties.1 Despite the overwhelming authority favoring so-called “deemed” wages,2 and clear warnings against the practice,3 the cases continue to be litigated. A TIGTA Report estimates that shareholders underreported $23.6 billion of compensation in 2003 and 2004
In the May 27, 1994, issue of Agricultural Law Digest, we reported that guidelines were expected fro...
From the time of enactment in 1997 of income averaging for those involved in a farming business, eff...
The “small partnership” exception, as it is termed, one of the greatest moves toward simplification ...
With this in mind, reasonable compensation determinations have developed a different twist for share...
Excessive salaries paid by a closely held corporation create a constant debate between the owners ...
In our earlier articles on the payment of wages in kind, we noted that payment of wages in kind rath...
This article focuses on two of the employment taxes, FICA and FUTA. Part I surveys the payroll tax r...
This article discusses C.I.R. v. Fender Sales, Inc., 338 F. 2d 924 (9th Cir. 1964). The author concl...
Reasonable compensation is an often litigated issue in the Tax Court. This frequency of discord ari...
Transactions involving forgiveness by stockholder-employees of corporate indebtedness are shrouded i...
Passive income is a serious problem in estate and business planning. Too much passive income can lim...
Published May 1990. Facts and recommendations in this publication may no longer be valid. Please loo...
In general, wages paid in kind rather than in cash to agricultural labor are not subject to FICA or ...
Beginning in 1990, cash remuneration paid to an agricultural laborer is subject to mandatory income ...
This comment will discuss the federal income tax issue of unreasonable compensation as it affects th...
In the May 27, 1994, issue of Agricultural Law Digest, we reported that guidelines were expected fro...
From the time of enactment in 1997 of income averaging for those involved in a farming business, eff...
The “small partnership” exception, as it is termed, one of the greatest moves toward simplification ...
With this in mind, reasonable compensation determinations have developed a different twist for share...
Excessive salaries paid by a closely held corporation create a constant debate between the owners ...
In our earlier articles on the payment of wages in kind, we noted that payment of wages in kind rath...
This article focuses on two of the employment taxes, FICA and FUTA. Part I surveys the payroll tax r...
This article discusses C.I.R. v. Fender Sales, Inc., 338 F. 2d 924 (9th Cir. 1964). The author concl...
Reasonable compensation is an often litigated issue in the Tax Court. This frequency of discord ari...
Transactions involving forgiveness by stockholder-employees of corporate indebtedness are shrouded i...
Passive income is a serious problem in estate and business planning. Too much passive income can lim...
Published May 1990. Facts and recommendations in this publication may no longer be valid. Please loo...
In general, wages paid in kind rather than in cash to agricultural labor are not subject to FICA or ...
Beginning in 1990, cash remuneration paid to an agricultural laborer is subject to mandatory income ...
This comment will discuss the federal income tax issue of unreasonable compensation as it affects th...
In the May 27, 1994, issue of Agricultural Law Digest, we reported that guidelines were expected fro...
From the time of enactment in 1997 of income averaging for those involved in a farming business, eff...
The “small partnership” exception, as it is termed, one of the greatest moves toward simplification ...