Tag Archives: Victor Belgiorno
Determining Reasonable Salary for Owners of S Corporations
The IRS has long viewed the issue of S corporation employee-shareholder compensation as a hot topic; one that it has successfully pursued both through the courts and under audit in recent years. While there is no hard-and-fast rule to establish … Continue reading
Selling, Gifting & Bequeathing Your Home
Our last article focused on dispelling some of the tax misconceptions of buying and owning a home. Here, we will attempt to clarify the often misunderstood tax implications of selling, or otherwise, disposing of your primary residence. In general, … Continue reading
Common Tax Misconceptions of Owning a Home
The quest for a homeownership stake in this great land of ours has long been the number one dream of most Americans. The proverbial home with a white picket fence and wraparound porch provides stability, shelter, a place to entertain … Continue reading
Residency Requirements for Tax Purposes
Sometime during 2014, Florida’s population will surpass New York’s. Florida newcomers include winter-weary New Yorkers who have opted for the Florida sun and sandy beaches at the rate of 50,000 a year (The New York Times, 12-26-13). One … Continue reading