Some S corporation owners are starting to ask about Sec. 199A S corporation dissolution. In other words, should an S corporation dissolve to … [Read more...] about Sec. 199A S Corporation Dissolution
S corporation
Pass-thru Income Deduction: Top 12 Things Every Business Must Know
Sometime today or tomorrow, probably, Congress will pass the Tax Cuts and Jobs Act of 2017, an enormous, complicated 500-page chunk of tax law. Among … [Read more...] about Pass-thru Income Deduction: Top 12 Things Every Business Must Know
Pass-through Entity Tax Cut Rules Are Complicated
Last week, House Republicans passed the “Tax Cuts and Jobs Act.” The law gives many sole proprietors, partnerships and S corporations a tax cut by … [Read more...] about Pass-through Entity Tax Cut Rules Are Complicated
Subchapter S Election Timing Tips & Tricks
You want to understand how Subchapter S election timing works. Understand the timing, for example, and you avoid common mistakes. Further, understand … [Read more...] about Subchapter S Election Timing Tips & Tricks
S Corporation Reasonable Compensation
Businesses often struggle with the "S corporation reasonable compensation" question. Set the number too low and you risk the wrath of the IRS. Set … [Read more...] about S Corporation Reasonable Compensation
S Corporation Paperwork Problems
Right before New Year’s Eve, a tax court vaporized an S corporation and its shareholder due to what might only amount to poor S corporation … [Read more...] about S Corporation Paperwork Problems