A common planning strategy for reducing taxable income in a “regular” subchapter C corporation is through the payment of management
The Internal Revenue Service regularly challenges businesses that are found to generate losses and do not have a profit intent.
In a very significant case, the United States Tax Court found that a limited liability company (LLC) was not entitled
A common element of every marital dissolution, where the divorcing parties have minor children, is the financial consideration and accountability
The Eleventh Circuit of the United States Court of Appeals recently found a taxpayer, who was both a minority shareholder
The current income tax laws afford taxpaying corporations (“sub chapter C corporations”) a graduated tax rate regime similar to that
While much of the federal tax law is difficult to interpret and often hard to understand, a simple premise that
A recently decided Tax Court case once again reinforces the rule that simply guaranteeing corporate debt in an S corporation
It is not at all unusual for individual taxpayers to work to reduce their tax liabilities by donating to charity
In an important recent case on reasonable compensation, H.W. Johnson, Inc., T.C Memo 2016-95 (Tax Ct.), the Tax Court found
