How do I file taxes for as Corp?
File Form 1040 As an S corp shareholder, you pay income tax on two types of income — your salary and your portion of S corp earnings. You’ll often hear th...
Category: General
What items are FSA eligible 2021?
These Health FSA-eligible items are now also available without a prescription, thanks to the CARES act: Acne medication and treatments. Antacids and acid ...
How much should I charge for something I made?
In her Tips for Pricing your Handmade Goods blog on Craftsy, artesian entrepreneur Ashley Martineau suggests this formula: Cost of supplies + $10 per hour...
Is gifted equity taxable?
Gifts of equity, like other gifts, aren’t taxable to the recipient. The seller might have to file a gift return. So, if the gift of equity they gave you i...
Where do I report 1099-OID on my tax return?
On Form 1099-OID, report the qualified stated interest in box 2 and the OID in box 1, 8, or 11, as applicable. You may choose to report the interest on Fo...
Do you get sales tax back on returns California?
In order to qualify for a returned merchandise deduction, the retailer must refund the full retail selling price less any restocking charges. The retailer...
Can S Corp officer deduct auto expenses?
[UPDATED] Can I Deduct my Business-Related Auto Expenses on my S-Corp Taxes? If you use your personal vehicle for business, you may be able to deduct the ...
Can homeowners get SBA loan?
As a homeowner, renter and/or personal property owner, you may apply to the SBA for a loan to help you recover from a disaster. Homeowners may apply for u...
Does a QCD have to go directly to the charity?
You should work with your IRA custodian to correctly accomplish a QCD. The funds must be made payable directly from the IRA to the charity. (Some IRA cust...
Can a spouse be a shareholder in a business?
Corporation (with the possibility of electing to be an S corporation)., and each spouse as a shareholder. CPA Gail Rosen says husband-wife businesses make...
