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TAX REPORTING

S Corporation Owners At Risk For Unreasonable Compensation

By The BIDaWIZ Team on August 16th, 2013 at 4:43 pm

The Tax Court recently ruled on a case that once again was in favor of the IRS's conclusion that the S corporation owner paid himself an unreasonably low salary. While this ruling supports other cases, the Tax Court provided more color to this seemingly ambiguous area of tax law. S corporation owners need to know how this ruling may affect their compensation practices. .
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