One way to determine reasonable wage is as tallen suggested. Way back I took the smallest wage I could since I wanted to have as much money in the business to grow it as possible and my accountant...
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One way to determine reasonable wage is as tallen...
One way to determine reasonable wage is as tallen suggested. Way back I took the smallest wage I could since I wanted to have as much money in the business to grow it as possible and my accountant...
My taxes just came back from my accountant today....
My taxes just came back from my accountant today. I will try and look and see what they did with my distributions on my taxes. I have a pretty top notch accountant and am an S-Corp.
The IRS has never had a reputation for making...
The IRS has never had a reputation for making it's regulations easy to understand.
Well I think some of the things that are making this a little hard to understand are that we need to consider the...
I agree with Tallen but one thing too that you...
I agree with Tallen but one thing too that you should be aware of is that you need to pay yourself a reasonable wage or they can come back at you. In other words if you paid yourself wages of 10K a...