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Dividends Professional Corporation

Dickinson Wright

Renewed Perils from “Zeroing Out” a Corporation at Year-End

Dickinson Wright on

Physicians who are involved in the financial management of their practices are all too familiar with the year-end scramble to “zero out” the corporation’s profits. Under this technique, a physician practice that is structured...more

McGuireWoods LLP

Should Professional Corporations Consider Making an S Corporation Election – Again?

McGuireWoods LLP on

The United States Tax Court has held that a law firm organized as a professional corporation is liable for accuracy-related penalties for treating year-end bonuses to the shareholder attorneys as compensation (deductible)...more

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