Why Every S-Corporation Owner Needs a Reasonable Compensation Basis

Why Every S-Corporation Owner Needs a Reasonable Compensation Basis

Why Every S-Corporation Owner Needs a Reasonable Compensation Basis Steve Perry
Published on: 27/06/2025

S-corporation owners are required to pay themselves a reasonable salary for the work they perform. The IRS scrutinizes these salaries, and failure to properly document reasonable compensation can trigger audits and penalties. Many business owners struggle to determine what is considered reasonable. Steve Perry, EA at Books Taxes & More creates comprehensive, audit-proof reasonable compensation studies based on industry data, government statistics, and detailed job analysis. His studies have never lost in an IRS audit. Proactively establishing a defensible salary structure protects business owners from unnecessary payroll taxes and costly audit adjustments. Contact Steve Perry, EA to secure your defense.

Tax education articles and IRS representation advice for individuals and small businesses
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Understanding IRS Letter 3164: How Steve Perry, EA Can Help

Understanding IRS Letter 3164: How Steve Perry, EA Can Help

Understanding IRS Letter 3164: How Steve Perry, EA Can HelpSteve Perry
Published on: 25/06/2025

IRS Letter 3164 often catches taxpayers off guard. This notice means the IRS is preparing to assign your overdue tax account to a private collection agency. While this letter does not demand immediate payment, it signals that the IRS considers your account inactive and unresolved. The purpose of Letter 3164 is to inform taxpayers before the IRS involves outside collection agencies. It offers an important window of time to resolve the issue directly with the IRS. Taking action at this stage can help you avoid the stress and challenges of dealing with third-party collectors. This is where Steve Perry, EA at Books Taxes & More can make a significant difference. Steve, a federally licensed tax professional, can review your account for accuracy, uncover possible errors, and explore options for resolution. Solutions may include setting up an installment agreement, negotiating an Offer in Compromise, or requesting Currently Not Collectible status if financial hardship exists. If you have received IRS Letter 3164, do not wait. Working directly with the IRS under the guidance of Steve Perry, EA can protect your rights and help you regain financial control. Contact Books Taxes & More today for expert help.

Tax education articles and IRS representation advice for individuals and small businesses
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