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  • Writer's pictureJim Payne
    • Nov 6, 2017
    • 1 min read

S Corp Owner Compensation

S Corp Owners do have to be concerned about the IRS and it’s plans to push the Reasonable Compensation issue. Recently, the IRS issued a memorandum to its agents about keeping challenges from going to Tax Court. Why is this important?

  1. Tax must be paid now. When filing a petition with the Tax Court, taxpayer can avoid paying the tax until the matter is finally resolved.

  2. Leverage Lost. Filing or even the threat of filing a petition with the Tax Court can give taxpayers and their advocates’ leverage to get the appeals agent to settle the dispute favorably.

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