Law & Entrepreneurship News: “Related to my two earlier posts regarding the IRS’s case against John Menard for taxes and penalties owed because he payed himself a salary that the IRS considered so high that much of it was actually a dividend (thus making the corporation as well as the individual taxable), the Milwaukee Journal Sentinel has a story describing the tax troubles entrepreneurs can find themselves in if they pay themselves too much or too little, and ways to avoid such problems.”
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