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| FREE NEWS ALERTS A free, comprehensive news service to keep small businesses and independent contractors posted on the latest tax developments affecting their operations.
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Tuesday, Dec. 27 Expenses – Reasonable Compensation, #114Are you paying yourself too much or too little? Compensation can be a tricky issue when it comes to a business expense deduction that will survive scrutiny by the IRS. Generally, the IRS applies a reasonableness standard to small business compensation. Is the compensation being deducted an amount that would ordinarily be paid for like services by like enterprises under like circumstances? … Subscribers have free access to the archives. Click here. |
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