Expense Deferral with Related Parties

Expense Deferral with Related Parties Facts Taxpayer is a 10% owner of an accrual basis S-corporation.  The Taxpayer sold inventory to the S-corporation, but plans to defer receipt of income until after year end.  The S-corporation accrued an expense for the receipt...

Reasonable S-Corporation Wage

Tax File Memo Reasonable S-Corporation Wage Facts The taxpayer is a medical professional engaging independently in profit-generating activities within his S-corporation.  The S-corporation does not employ any other individuals, and all cash inflows are related to his...