Insights

Notes from the practice

Plain-spoken analysis on the tax and accounting topics that actually come up.

S-Corp or Not? The Reasonable-Compensation Question

An S-election can cut self-employment tax — but only if you respect the rules. Here is how to think about whether it is worth it.

Crossing a state line for work — or a move — can mean two returns, two sets of rules, and a credit that does not always make you whole.

A K-1 means you owe tax on your share of an entity's income — whether or not a dime was distributed. Here is how to read one.

Equity comp is taxed differently depending on the letters — RSU, ISO, NSO, ESPP — and the gaps in withholding are where people get hurt.

Most of the moves that lower a high earner's tax bill have to happen before December 31 — not in April. A Q4 checklist.