Compensation of S shareholders: is it reasonable? (IRC Subchapter S corporations): An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on May 1, 1998. The length of the article is 534 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Compensation of IRC Subchapter S closely-held corporation shareholders should realistically reflect the services which are performed to avoid IRS scrutiny and penalties. Characterizing services as distributions or distributions as services to gain tax advantages has been the subject of IRS interest and litigation. IRC section 1366(e) specifically authorizes the IRS to make adjustments in cases of family members providing services or capital without receipt of reasonable compensation in return.

Citation Details
Title: Compensation of S shareholders: is it reasonable? (IRC Subchapter S corporations)
Author: Ross H. O'Brien
Publication:The Tax Adviser (Magazine/Journal)
Date: May 1, 1998
Publisher: American Institute of CPA's
Volume: 29 Issue: n5 Page: 313(1)

Distributed by Thomson Gale