Tag Archives: IRS

Dollars and Cents

This is hardly exiting news, but apparently the IRS released a memo saying that rounding to the nearest dollar on Form 941 (payroll taxes) is NOT ok.  No big deal, but interesting considering that on income tax returns, you basically have to round to the nearest dollar for everything.  I just have trouble imagining a […]

S-Corp Owner Salaries

I keep hearing that the IRS is continuing to crack down on S-Corp owners that take too low of salaries. For a brief background, as the owner of an S-Corp, you can (should) take a salary for your services. However, one of the benefits of having your small business taxed as an S-Corp (as opposed […]