Monthly Archives: October 2016

Tax Court concludes shareholder intended his advances to be loans…. NOT compensation. !

What are the factors that an owner of a closely held “S corporation “must recognize to avoid repayments of personal expenses as ‘compensation’…REALLY ! Scott Singer Installations, Inc., TC Memo 2016-161TC Memo 2016-161 The Tax Court has concluded that an S corporation’s … Continue reading

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