This often reasonable salaries and s corps satisfies IRS requirements for highly profitable businesses. Even junior developers command substantial salaries in the current market. If your S-Corp has no profits, you generally don’t need to pay yourself anything. The IRS frustratingly doesn’t publish minimum salary requirements, and for good reason—every situation differs. Deducting Officer Salaries…
Companies should consult with tax advisors to evaluate whether to amend prior returns, accelerate deductions, or adjust future R&D planning considering the new law. Recent court cases have emphasized the importance of proper documentation when claiming R&D tax credits. The cases of Little Sandy Coal vs. Commissioner, Phoenix Design Group vs. Commissioner, and Meyer, Borgman,…