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EXPERT TAX TIPS - STAY IN THE KNOW
Tax Tip Tuesday: The IRS Has a Question for Every S-Corp Owner: Are You Paying Yourself Enough?
If you own an S corporation and take distributions, there's one number the IRS watches more closely than almost any other: your salary. Specifically, whether it's reasonable. Getting this wrong isn't just a technicality — it's one of the most common (and costly) audit triggers for small business owners. What Is Reasonable Compensation? The IRS requires that S-corporation shareholder-employees who perform services for the company pay themselves a reasonable salary before takin
1 hour ago3 min read
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