Author: Ronald Cappuccio

5 ways to withdraw cash from your corporation while avoiding dividend treatment Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax-efficient, since it’s...

The IRS is targeting business transactions in bitcoin and other virtual currencies Bitcoin and other forms of virtual currency are gaining popularity. But many businesses, consumers, employees, and investors are still confused about how they work and how to report transactions on their federal tax returns....