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S Corporation Owners Should Understand IRS Strategies for Compensation Audits

One of the primary targets for IRS audits is S Corporation compensation.  S Corporation owners should understand IRS strategies for compensation audits and work with Allen Barron to reduce these risks while minimizing tax and maximizing income opportunities.  One of the most contentious issues is "reasonable compensation."  The IRS guidelines...

Tax Preparation for S Corporation Shareholders

Tax preparation for S Corporation shareholders is quite complicated.  While there are substantial advantages for many owners or shareholders of an S Corporation there are also substantial risks which can lead to an IRS audit.  Corporations which elect subchapter S tax status allow income to pass through to the shareholders...

Additional Information on Pass Through Business Income Deductions in the New Tax Reform

We are constantly asked for additional information on pass through business income deductions in the new tax reform package.  While new tax laws have yet to be formally published, there has been a significant change for those who file as a partner, member or sole proprietor which receives income from...

The IRS Begins Accepting 2017 Tax Returns

The IRS begins accepting 2017 tax returns as tax season is upon us.  Allen Barron is uniquely structured to prepare and file your international, domestic, business and personal tax returns.  Our tax attorneys are supported by Allen Barron's accounting professionals as we work toward this year's deadline of April 17. ...

Estate Planning for Small Business Owners and S Corporations with No Employees

Allen Barron provides tax and estate planning for small business owners and S Corporations without employees as part of our integrated tax, legal, estate planning, accounting and business advisory services.  Many small business owners mistakenly believe business succession planning and estate planning is for those with substantial wealth.  This is...