If one does a search one will find many, many articles similar to this one:The IRS is clear that all distributions or a ridiculous salary is not reasonable salary, but I don’t think they are in the business of determining reasonable compensation for professions and leave it ambiguous. I think 40-60% with some justifiable explanation can be in the realm.
How to Determine S Corporation Reasonable Compensation
https://amynorthardcpa.com/s-corporatio ... pensation/
Statistics: Posted by yankees60 — Mon Aug 19, 2024 6:14 pm — Replies 58 — Views 2656
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