{"@context":"https:\/\/schema.org\/","@type":"CollectionPage","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/#CollectionPage","headline":"Business Taxes Category","description":"","url":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/","hasPart":[{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/llc-taxed-as-s-corp\/","headline":"LLC Taxed As S Corp: How To Make the Election + One BIG MISTAKE to Avoid!","url":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/llc-taxed-as-s-corp\/","datePublished":"2022-01-11","dateModified":"2025-09-17","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/llc-taxed-as-s-corp\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of Choice Tax Relief<\/b><\/a> and of course Money Done Right. 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Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/What-Is-an-LLC.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/What-Is-an-LLC.jpg","height":460,"width":1900},"keywords":["schema"]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/how-to-fill-out-form-2553\/","headline":"How to Fill Out and File Form 2553","url":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/how-to-fill-out-form-2553\/","datePublished":"2021-10-02","dateModified":"2022-08-09","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/how-to-fill-out-form-2553\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/what-is-form-2553.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/what-is-form-2553.jpg","height":460,"width":1900},"keywords":["schema"]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/what-is-an-s-corporation\/","headline":"What Is an S Corporation?","url":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/what-is-an-s-corporation\/","datePublished":"2021-09-30","dateModified":"2025-09-17","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/what-is-an-s-corporation\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/S-Corporation-Owner.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/S-Corporation-Owner.jpg","height":460,"width":1900},"keywords":["schema"]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/home-office-deduction\/","headline":"The Home Office Deduction: How to Write Off Expenses for Use of Your Home","url":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/home-office-deduction\/","datePublished":"2020-05-23","dateModified":"2021-11-07","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/home-office-deduction\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/melissa-carraro\/#Person","name":"Melissa Carraro, CPA","url":"https:\/\/moneydoneright.com\/author\/melissa-carraro\/","identifier":68,"description":"Melissa has nearly 20 years of experience as a CPA, having worked for both \"Big 4\" and smaller accounting firms.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/b1e0dcc540dc1a1de7963b22537e5facf352c9abb4c09ef5888fb0472d8063b2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/b1e0dcc540dc1a1de7963b22537e5facf352c9abb4c09ef5888fb0472d8063b2?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/home-office-deduction.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/home-office-deduction.jpg","height":460,"width":1900},"keywords":["schema"],"commentCount":"2","comment":[{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/home-office-deduction\/#Comment1","dateCreated":"2024-11-01 19:21:57","description":"No, you don't have to create a company or LLC to deduct your home office expenses.","author":{"@type":"Person","name":"Logan Allec, CPA","url":"https:\/\/loganallec.com\/"}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/home-office-deduction\/#Comment2","dateCreated":"2024-10-20 11:12:06","description":"Should I have to create a company or LLC to deduct home office expenses?","author":{"@type":"Person","name":"William Chen","url":""}}]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/paycheck-protection-program\/","headline":"Paycheck Protection Program: What You Need to Know","url":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/paycheck-protection-program\/","datePublished":"2020-04-03","dateModified":"2021-10-01","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/paycheck-protection-program\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Paycheck-Protection-Program.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Paycheck-Protection-Program.jpg","height":460,"width":1900},"keywords":["hide on posts list","youtube","schema"],"commentCount":"2","comment":[{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/paycheck-protection-program\/#Comment1","dateCreated":"2020-04-05 01:06:53","description":"Hi,\r\nMy bank is calling (JP Morgan Chase) every person individually to gather the loan information for the PPP application. Over 200k applicants. I\u2019m still waiting for a call. It\u2019s now Sunday 4\/5. \r\n\r\nWill this mean the monies will be gone as it\u2019s a first come first serve process? Are they way behind the other banks in sending in the loans?\r\n\r\nIt\u2019s upsetting because I\u2019ve sat and waited for 2 days now for a call. \r\n\r\nThanks,\r\nLori","author":{"@type":"Person","name":"Lori","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/paycheck-protection-program\/#Comment2","dateCreated":"2020-04-04 16:51:58","description":"So do we still use the gross amount to get the loan or do we use net since fed w\/h tax and FICA can\u2019t be in the forgivable amount? And dies the 8 week period begin with date of funding or date we get employees back to work?","author":{"@type":"Person","name":"Deborah Lallo","url":""}}]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/late-s-corp-election\/","headline":"How to File a Late S Corporation Election","url":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/late-s-corp-election\/","datePublished":"2020-03-07","dateModified":"2022-03-04","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/late-s-corp-election\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/late-s-corp-election.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/late-s-corp-election.jpg","height":460,"width":1900},"keywords":["schema"],"commentCount":"6","comment":[{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/late-s-corp-election\/#Comment1","dateCreated":"2024-09-17 21:29:13","description":"I am starting a business that incorporated in 08\/2024, I'm confused if I should make election date for jan 2024 in form 2553, or do I need to submit a statement for reasonble cause for filling late. please help me","author":{"@type":"Person","name":"Tania","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/late-s-corp-election\/#Comment2","dateCreated":"2024-05-08 14:23:27","description":"What a huge help. Can't thank you enough. Your time and energy to help me take on this, what seemed like an insurmountable task, is so appreciated that I can't even describe how much.","author":{"@type":"Person","name":"Rory","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/late-s-corp-election\/#Comment3","dateCreated":"2022-12-07 14:07:46","description":"Thanks Logan! This takes the uncertainty away about doing this myself.\r\n\r\nQuestion... Can the form be faxed instead of mailing? What do you recommend?","author":{"@type":"Person","name":"Shannon","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/late-s-corp-election\/#Comment4","dateCreated":"2021-09-13 05:59:52","description":"Thanks for this helpful information. I see that you state what should be in the package, I am unsure if I have to wait for the determination letter to send the 1120-S form or, should I include it in the same package?","author":{"@type":"Person","name":"Mat","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/late-s-corp-election\/#Comment5","dateCreated":"2020-12-31 16:28:56","description":"You're welcome!","author":{"@type":"Person","name":"Logan Allec, CPA","url":"https:\/\/loganallec.com\/"}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/late-s-corp-election\/#Comment6","dateCreated":"2020-12-27 06:35:51","description":"THANK YOU!!!!","author":{"@type":"Person","name":"Marie","url":""}}]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/self-employment-tax\/","headline":"The Self-Employment Tax, Explained by a Self-Employed CPA","url":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/self-employment-tax\/","datePublished":"2020-03-04","dateModified":"2021-10-01","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/self-employment-tax\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2019\/02\/Self-Employment-Tax.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2019\/02\/Self-Employment-Tax.png","height":430,"width":825},"keywords":["schema"],"commentCount":"2","comment":[{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/self-employment-tax\/#Comment1","dateCreated":"2023-08-09 11:47:34","description":"You're welcome, Maggie!","author":{"@type":"Person","name":"Logan Allec, CPA","url":"https:\/\/loganallec.com\/"}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/self-employment-tax\/#Comment2","dateCreated":"2023-08-02 18:19:02","description":"Easy to read. Thank you","author":{"@type":"Person","name":"Maggie","url":""}}]}]}