02/03/2014
In Watson v. U.S., an appellate court ruled that the IRS can recharacterize FICA-free distributions from S corps to their owners as FICA-taxable compensation, and allowed the IRS to set the parameters for determining that reasonable FICA-taxable salary. And so far it’s nailed S corps and their owners 100% of the time. Two recent cases illustrate.
01/31/2014
Feeding employees is a fast-growing perk that can benefit staff and employer alike. Organizations of all sizes find that even occasional meals or simple snacks can reap many benefits. If you’re considering offering meals as an employee benefit, follow these guidelines.