Choosing a Business Entity: Determining S-corporation Reasonable Salary
What is a reasonable salary for a corporate owner? This is hard to answer because tax law and the IRS provide no formal definition of the term “reasonable.”
Choosing a Business Entity: S-Corporation
S-corporations share many of the same characteristics of partnerships. The biggest difference is, owners who work in the business day-to-day are paid a salary.
Choosing a Business Entity: S-Corporation vs. C-Corporation
For people unfamiliar with tax law the terms S-corporation and C-corporation can be confusing. Here’s the best way to look at what these terms mean.
Glossary: S-corporation
S-corporation is a tax term that refers to a corporation or an LLC that elects to be taxed under the rules of Subchapter S of the Internal Revenue Code.