Tag: IRS resolution Atlanta
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Inside the IRS’s 2026 Enforcement Playbook: What Small Businesses Should Expect Before Year-End
IRS staffing fell sharply in 2026, but automated matching, sequenced collection notices, and campaign driven selection carry more weight than ever. This flagship explains how CP2000 matching, new 1099 thresholds, the CP14 to LT11 ladder, partnership audit rules, and open ERC inventory shape small business exposure before year-end.
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Shareholder Distributions vs. Payroll: Understanding the Difference Before the IRS Does
Withdrawals from an S-corporation are either wages or distributions, and the two carry different rules. Owners, who wait until filing time to decide which is which lose the chance to withhold and deposit payroll tax correctly and often overlook basis tracking that determines whether a distribution is taxable.
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Reasonable Compensation: The IRS Rule Many S-Corporation Owners Ignore
Reasonable compensation is not a once-a-year filing decision. It is set through payroll during the year and stays open to IRS review long after. Owners who wait until the next return is prepared to check their salary have already lost the window to correct it for the year that closed.
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S-Corporation Compliance Mistakes That Attract IRS Attention
S-corporation compliance does not end at filing. IRS matching systems compare payroll, Schedule K-1 data, and shareholder returns throughout the year, and mismatches in reasonable compensation, basis, or unanswered notices narrow options quickly. Ongoing review, not once-a-year filing, protects compliance standing and preserves planning opportunities year-round.
