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Closing Tax “Loopholes” on S-Corps

June 2, 2010 by Deb Howard Greenleaf

Just when it looked like the small businesses in this country might begin to bounce back, our elected representatives are working to close the “tax loopholes” used by small professional companies operated as S-Corporations: H.R. 4213 American Jobs and Closing Tax Loopholes Act At present, S-Corporation shareholders who are employees working in the business must take a “reasonable wage” via … [Read more...]

Filed Under: Small Biz Taxes Tagged With: corporation, small business, tax

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