Lucas Archives - ESA Law

Taxpayers Beware, Web Articles Are Not Legal Authority

Feb 7, 2023

While most people know the phrase not everything you read on the internet is true, many don’t know what can actually be relied upon in a legal setting. A reasonable person might think the instructions on an IRS publication or a web article or website published by a credible source, such as an accounting or…
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Corporation Denied Deduction Where Compensation Paid to Officer Was Unreasonably High

Dec 5, 2022

Reasonable compensation has been a relatively hot topic this year. Charles Allen previously discussed the Blossom case in which the taxpayers were penalized for understating the compensation of the two owners/officers of an S corporation.[1] While Charles’s discussion focused on employment taxation, Josh Sage followed up with an article on the resulting income taxation consequences…
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Tag: Lucas

Taxpayers Beware, Web Articles Are Not Legal Authority

Corporation Denied Deduction Where Compensation Paid to Officer Was Unreasonably High

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