Tax Reduction Letter - Did S Corporation Low Salary to CPA Owner Doom Tax Strategy?

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Article Date:

July 2010

Word Count:

387

Did S Corporation Low Salary to CPA Owner Doom Tax Strategy?

A standard S corporation tax strategy is to pay a low salary to save on payroll taxes.

Earlier this year, we published an article titled “Reasonably Low Salary for S Corporation Owner” that addresses what you need in order to justify a low salary and states that the zero salary is out.

David E. Watson, CPA, a tax partner in the Iowa accounting and wealth management firm of Larson, Watson, Bartling, and Juffer (LWBJ) suffered a salary-too-low problem.

He and the other partners ... Log in to view full article.

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