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Steve Looney Speaks at 60th Annual William & Mary Tax Conference

Published: November 12th, 2014

By: Stephen R. Looney

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Steve Looney, shareholder and chair of Dean Mead’s Tax Department spoke at the 60th Annual William & Mary Tax Conference in Williamsburg, VA, on November 7, 2014. He presented on “Reclassification Risks For Compensation Paid by S and C Corporations to Shareholder-Employees“. In addition to covering unreasonably high compensation in the “C” corporation context and unreasonably low compensation in the “S” corporation context, the presentation also reviewed recent decisions regarding when members of an LLC will not be eligible to use the “limited partner” exception to avoid the Self-Employment Tax.

The outline from his presentation may be viewed HERE.