A few months ago the U.S. Tax Court ruled on a case involving the treatment of qualified personal
service corporations when those corporations are part of an affiliated group. The ruling has
important, and beneficial, tax implications for qualified personal service corporations in these types
What is a Qualified Personal Service Corporation?
Under §448 …
[Click to continue reading: Qualified Personal Service Corporations Avoid Flat Tax]
The Affordable Care Act (ACA) introduced significant change throughout the United States. One area of change relates to S-corporations and how these corporations provide health insurance to employees. Further, not only did the law change, it also became ambiguous in some areas. Because of the potential impact of the ACA, S-corporation owners should discuss …
[Click to continue reading: Potential Impact of Affordable Care Act on S-Corporations]
By Royse Law Firm, PC
Many large employers, particularly technology companies such as Google, Facebook, and Twitter, provide free or subsidized meals to their employees. Reports suggest that the IRS is taking a closer look at the tax treatment of these meals in its audits and additional guidance is expected this year.
The provision of …
[Click to continue reading: Taxation of Employer-Provided Meals]