Audits on Reasonable Compensation for S-Corp Owners Are On the Rise (& closely held c-corporations)

Audits on Reasonable Compensation for S-Corp Owners Are On the Rise (& closely held c-corporations) The U.S Treasury has urged the IRS to increase S-Corp audits on reasonable compensation due to compliance studies (see IR-2005-76) showing a large amount of underreporting. The underreporting is typically done to minimize employment taxes. S-Corps can be great tax […]