Tax preparers won’t always bring up the reasonable compensation issue when preparing an S-corp return … though they probably should.
In June 2013, I decided to shave my head. My logic was, why should I pay someone $10 or $15 each … Continue Reading…
Filed under “dumb but true things the IRS does.” A few months ago, I received a letter from the … Continue Reading…
This really should be filed under "Things Tax Preparers DIDN'T Say". And again it's about … Continue Reading…
Entrepreneurial maturity means the business owner knows what he or she doesn’t know.
The IRS says an online sorority of a for-profit school is not eligible for tax-exempt status.
In July, Michael Michalowicz, who writes books about entrepreneurship (which I have heard are very good; “The Pumpkin Plan” is on my to-read list) wrote a blog post titled “Take Your Profit First, Always.” The gist of the post is, instead of looking at profitability as “Income minus Expenses = Profit” you should flip the [...]