S Corporations v. Payroll Taxes: A Balance of Salary and Distributions

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A recent tax case won by the IRS has closed a loophole employed by S corporations to circumvent paying payroll taxes by characterizing their wages as distributions. This ruling might have serious repercussions in the business world, especially for S corporations. Let us, to some extent, explore the ruling and dissect it.

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Published In: Business Organization Updates, Finance & Banking Updates, Franchise Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Doron Eghbali, Law Advocate Group, LLP | Attorney Advertising

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