IRS Collections to Increase

Did you know? The Internal Revenue Service has just received a fresh influx of billions of dollars in funding for advancements in technology to identify and process actions against non-filing and late-paying taxpayers. IRS taxpayer notices are triggered by many...
Reasonable Compensation

Reasonable Compensation

If you are the owner of an S Corporation, you need to be aware of a very prevalent Audit issue with the IRS.  The issue is Reasonable Compensation taken by the S Corporation shareholder. Reasonable compensation is defined by the IRS as “The value that would ordinarily...