LLC's Salary's paid come before Profits are declared
Ref: Rep. Bill Johnson’s editorial on 03-19-10 Laconia Daily Sun. Does he want us to believe that because the State allows that a business owner can deduct from his business’s profits “reasonable compensation” without ‘incurring’ a DRA review; that is with the provision that the owner actually provides person services to the company, that makes everything just hunky-dory.That the Congress passed the Bill imposing the tax as they did, and now he and others refuse to repeal it on the grounds…See More
