TAG Tax

By: Jenny H. Connors and J. Conrad Garcia
Williams Mullen (North Carolina and Virginia, USA)

The Eighth Circuit recently issued its decision in the case of David E. Watson, P.C. v. U.S., No. 11-1589 (8th Cir. 2/21/12), which dealt with the issue of determining reasonable compensation in a closely held

S corporation for FICA tax purposes. Click here to read entire article.