Kent Brown's (kbrowndad) Blog

Salt Lake City, Utah - I have had few individuals ask me "so, what does a tax attorney do?  What services to you offer that my CPA does not?"  When I have this type of question I usually respond with "tax problems are legal problems and we solve both."  I then tell them what I don't do: Book Keep...

Salt Lake City, Utah - I have had several responses to my blogs on what is and is not "reasonable compensation" and what is the big deal about this tax controversy issue anyway.  To better explain, lets look at the case of Sean McAlary LTD, Inc., v. Commissioner.  The issue before the court was w...

Dear Taxpayer - Salt Lake City - Utah - This week the IRS has made two announcements.  One applies to all of us and the other applies to those who have IRS problems.  Here are the two announcements: The IRS announced that beginning on Monday, January 23, 2023, as the beginning of the nation's 202...

Salt Lake City, Utah - The last few blogs that I have done have focused on reasonable compensation and S-Corporations.  Why have I focused on this issue?  The State of Utah is a state with strong entrepreneurial spirit and there are a lot of individuals who have decided to go out on their own to ...

Salt Lake City, Utah - Over the last week I have focused on S-Corps and audit concerns for S-Corp Owners.  My main focus has been on "reasonable compensation".  I have had a few comments asking me "why", "why do I mention this and is it really a big deal?"The short answer to this question is "YES...

Salt Lake City, Utah - In my last post I talked about making a selection to be taxed as an S-Corporations and taking an appropriate salary.  Several individuals made comments about choice of entity and selecting an entity such as a limited liability or a corporation.  It is important to remember,...

Salt Lake City, Utah - If you do a general S-Corp search on Google you will find numerous ads making such statements as S-Corps made easy, download our free S-Corp guide or report, S-Corp payroll taxes made easy.  If you go to the IRS's website at: https://www.irs.gov/businesses/small-businesses-...

Salt Lake City, Utah - Payroll taxes collected by employers from employee paychecks and remitted to the IRS make up more than 70% of all taxes collected in any given tax year.  So, what does this mean?  Payroll taxes collected are critical to the federal government to function and pay its bills. ...

Salt Lake City, Utah, 2023.  You have been watching late night television, you have seen the commercials - "take care of that tax debt", "pay pennies on the dollar."  "Enough of those sleepless nights" you tell yourself, it is time to pay those pennies and move on.  The late night commercial then...