What Really Is Reasonable Compensation?

Reasonable Compensation for Shareholders who work for the Corporation When a stockholder works for her/his own corporation, she or must be on the company payroll and paid a reasonable amount of salary for the services performed. The Government Accountability Office has reported many employment tax abuses with respect to S corporation shareholders who worked for the […]

Benefits to Accelerated Expensing of Assets

First Year Bonus Depreciation The bonus depreciation expense for property acquired and placed in service during 2016 has been extended through 2019. The amount of deprecation is 50 percent for cost of property placed in service during the year, in addition to regular deprecation.   Section 179 Depreciation Under IRC Section 179, now permanent and indexed […]

Causion to Litigations In Same Sex Marriages

Recognition of Same ­Sex Marriage   In United States v. Windsor, (2013) (Docket No. 12­307), the Supreme Court held that section 3 of the Defense of Marriage Act (DOMA) is unconstitutional because it violates the principles of equal protection of the Fourteenth Amendment to the US Constitution. It concluded that this section“undermines both the public […]