A couple of weeks ago, the Treasury Inspector General for Tax Administration (“TIGTA”) released a report that presented the results of its review to determine whether the IRS’s “policies, procedures and, practices” adequately ensured that its examiners were considering the compensation paid by closely held S corporations to those shareholders who rendered service to the corporations.[i]
Let’s just say the IRS did not receive a stellar grade.[ii]
Continue Reading Are the Feds Getting Ready to Kick Your “S”?