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.”

Originally posted by Dane Carlson on September 30, 2004 in Ideas.

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