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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

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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

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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

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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

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