I guess it had to happen. Eventually. The end of the S corporation, I mean. People have complained about the loophole, gosh, probably since … [Read more...] about Biden Tax Plan Starts Long Slow Death of the S Corporation
Corporate taxation
Three Tips for Bigger Employee Retention Credits
If your business got beat up by the Covid-19 pandemic—many did of course—you hopefully know about employee retention credits. But what you may not … [Read more...] about Three Tips for Bigger Employee Retention Credits
Biden Real Estate Tax Proposals Scramble Planning for Investors
Recent blog posts here have talked about how President Biden proposes to boost the federal taxes some small businesses and their owners pay. But Mr. … [Read more...] about Biden Real Estate Tax Proposals Scramble Planning for Investors
IRS S Corporation Shareholder Salary Data
If you operate as an S corporation, you already know that you need to set a salary for shareholder-employees. A reasonable one. And you hear lots … [Read more...] about IRS S Corporation Shareholder Salary Data
Killer Small Business Tax Breaks
We've been talking tons about Covid 19 stuff over the last few weeks. Like the paycheck protection program. And employee retention credits. But a … [Read more...] about Killer Small Business Tax Breaks
Physician 199A Deductions Can Work (if You Know Rules)
This week, I talk about physician 199A deductions. More specifically, I talk about how many physicians who own part or all of their medical … [Read more...] about Physician 199A Deductions Can Work (if You Know Rules)
Research and Development Credit Explained
Tax credits provide a popular way to pay less tax. A dollar of tax credit, for example, saves a dollar of tax. And one popular tax credit? The … [Read more...] about Research and Development Credit Explained
Ignoring IRS 8995 Instructions to Double-deduct Self-employed Health Insurance
If you’re reading this, you already know, right? In many situations, the 199A regulations require adjustments to the qualified business income number … [Read more...] about Ignoring IRS 8995 Instructions to Double-deduct Self-employed Health Insurance
Section 1202 Qualified Small Business Stock Exclusion
Are you a small business owner who wants to sell your firm? Do you operate as a "C" corporation? You definitely want to know how Section 1202 … [Read more...] about Section 1202 Qualified Small Business Stock Exclusion
Section 951A GILTI Tax Avoidance: Ten Tricks
And what's worse? Many of these folks don't even know yet that they have to deal with a new tax. No kidding, this could get ugly. … [Read more...] about Section 951A GILTI Tax Avoidance: Ten Tricks