Avoiding IRS Challenges with Business Owner Compensation by Richard E. Cabrera, JD, LLM, CPA
Posted on May 16, 2023 by Richard Cabrera
Operating a family-owned or closely held business requires owners to make business decisions with significant tax consequences. One example involves the compensation business owners pay themselves and whether those amounts are reasonable and whether the payments are deductible as “ordinary and necessary” business expenses. The answer can depend, in large part, on how the business […]