The Center on Budget Policies... Read More »
Articles in category 'S Corporations'
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 Tips
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