The Center on Budget Policies... Read More »
Articles in category 'S Corporations'
Unincorporated Businesses are Audited More Frequently by IRS
CPA Joe Kristan tells us, one more time, why you should never use the sole proprietor form of business: A scary headline: “Freelance? An IRS audit may be in your future.” A Tax Court case yesterday shows why a Schedule C on your return might interest the tax man. A New York City taxpayer filed…
Read Full Article Categorized in: Blog Posts, S Corporations, Tax TipsS Corporations: Compensation and Distribution Planning
A majority of American small businesses use the S corporation form of doing business. This article discusses one of the main tax planning techniques an S corporation can use to save taxes. The S Corporation and Payments to Shareholder/Employees? An S corporation is a pass-through entity and does not pay federal income tax. The net earnings…
Read Full Article Categorized in: Blog Posts, S Corporations
