As published in the Winter Park/Maitland Observer, Thursday Jan. 3, 2012 Edition Offers... Read More »
Articles in category 'Tax Tools'
Because of the prolonged recession we expect to see many businesses report losses from their 2010 operations. Losses from S Corporations are deductible on a taxpayer’s Form 1040 only to the extent of the shareholder’s stock plus debt basis. Tax preparers should maintain the following two worksheets (courtesy Small Business Taxes and Management) for each…Read Full Article Categorized in: Tax Advice, Tax Return Preparation, Tax Tools