Posts by Scott Tippett
Excess Compensation and Disguised Dividends – Take Care and Beware!
Yesterday I wrote about a case involving constructive dividends. Today it is disguised dividends. The issue in Clary Hood, Inc.…
Read MoreIpads, iPhones, and Barter Transactions
From the hardly noticed case of Sherwin Community Painters, Inc. v. Commissioner, T.C. Memo. 2022-19, come some interesting tidbits. First,…
Read MoreS-Elections Gone Wrong
The IRS just released four separate Private Letter Rulings (“PLRs”) addressing the inadvertent termination of a taxpayer’s S-election. It is…
Read MoreDiscretionary Trusts Can Avoid State Income Tax
Discretionary trusts just received another endorsement. Last Friday, The Nine, otherwise known as the United States Supreme Court, gave discretionary…
Read MoreWayfair Pushed State Sales Tax Nexus to The Wayside
Business owners beware – You do not have to be in a state physically to be taxed by that state,…
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