The IRS is on the lookout for unreasonable compensation

01/28/2013 | Fox Business Small Business Center

Some business owners may try to manipulate their salaries to reduce their tax liabilities, but this tactic can attract scrutiny from the IRS, writes Bonnie Lee. The IRS expects business owners to take reasonable compensation for their work. "[P]art of the reasonableness test is to compare your W2 take with that of industry standards in your area," she writes.

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