If you operate as an S corporation, you already know that you need to set a salary for shareholder-employees. A reasonable one. And you hear lots … [Read more...] about IRS S Corporation Shareholder Salary Data
Search Results for: 199A
Covid-19 Late S Corporation Elections
Like most small business CPA firms, we love S corporations. Oh, no, it’s true. Call us crazy. But we love the way they help entrepreneurs reduce … [Read more...] about Covid-19 Late S Corporation Elections
Like Kind Exchange Rules Powerful But Tricky
The Section 1031 like kind exchange rules complicate decisions for real estate investors. But the rules offer real estate investors opportunities for … [Read more...] about Like Kind Exchange Rules Powerful But Tricky
Sole Proprietor and Partnership PPP Tax Rules
Sole proprietor and partnership PPP tax rules get complicated. A sole proprietor who uses her or his PPP loan money to pay the owner probably … [Read more...] about Sole Proprietor and Partnership PPP Tax Rules
Killer Small Business Tax Breaks
We've been talking tons about Covid 19 stuff over the last few weeks. Like the paycheck protection program. And employee retention credits. But a … [Read more...] about Killer Small Business Tax Breaks
Ignoring IRS 8995 Instructions to Double-deduct Self-employed Health Insurance
If you’re reading this, you already know, right? In many situations, the 199A regulations require adjustments to the qualified business income number … [Read more...] about Ignoring IRS 8995 Instructions to Double-deduct Self-employed Health Insurance
Section 1202 Qualified Small Business Stock Pitfalls
I wrote a post a few weeks ago about all of the great benefits of Section 1202 Qualified Small Business Stock (QSBS). But frankly? It would be … [Read more...] about Section 1202 Qualified Small Business Stock Pitfalls
Section 1202 Qualified Small Business Stock Exclusion
Are you a small business owner who wants to sell your firm? Do you operate as a "C" corporation? You definitely want to know how Section 1202 … [Read more...] about Section 1202 Qualified Small Business Stock Exclusion
A Dozen Reasons for Direct Real Estate Investment
Okay, I am not a direct real estate investment fanatic. Absolutely not. Further, I get that direct real estate investment burdens investors with … [Read more...] about A Dozen Reasons for Direct Real Estate Investment
The Lost Tax Deductions Under New Law
Over the last year, you’ve surely read or heard that many long-standing deductions go away. In this short blog post, I’m going to review these lost … [Read more...] about The Lost Tax Deductions Under New Law