An S corporation is a corporation that has elected to pay no federal income…
Business Taxes
Latest in Business Taxes
August 16, 2022What Is an LLC?
An LLC is a a limited liability company, a type of business entity formed…
August 15, 2022Can I Borrow Money From My S Corporation?
It’s typical for business owners to seek to get capital out of their businesses…
August 09, 2022How to Fill Out and File Form 2553
Form 2553 is a tax form on which owners of an LLC or corporation…
July 24, 20229 Critical Tax Mistakes Real Estate Agents Make That Cost Them $1000s
Believe it or not, real estate agents have a lot of planning opportunities when…
July 22, 2022Can My S Corp Pay Me Rent? How Do I Take the Home Office Deduction in an S Corp?
It’s very common for sole proprietors to form an entity and elect S corporation…
June 29, 2022Rental Property Depreciation: How to Depreciate Rental Property
Rental property depreciation can seem confusing at first because unlike depreciating one single asset…
June 28, 2022Bonus Depreciation: What It Is and How It Works
Typically, the IRS requires taxpayers to depreciate assets over several years. This results in…
March 04, 2022How to File a Late S Corporation Election
One of my S corporation clients recently sent me a notice in panic. Here…