Income Tax

S-Corporation Reasonable Compensation For Officers Performing Services S-corporations must pay reasonable compensation to any shareholder or officer who performs services for the corporation.  Employee-shareholders must be compensated for their work just like any other employee of the s-corporation.   The determination of what is reasonable compensation is a factual question that must be made on a […]

TAXATION OF HOUSE FLIPPING House flipping has become a popular and profitable endeavor as housing prices continue to rise and the supply of homes is in short supply.  The taxation of the profits of house flipping presents several issues that I will briefly explain.  As always, your situation may vary and you should consult your