What You Need to Know About Converting an S Corp to a C Corp
Converting from an S Corp to a C Corp is possible. However, it's a process that requires you to keep a few key things in mind along the way.
Missed Filing Tax Returns for Multiple Years?
Few people actually enjoy the process of filing tax returns. Having said that, you have no choice - you must do so like clockwork every single year
Can’t Pay Your Taxes? Here Are Some Payment Options
There are those who for one reason or another end up owing on their taxes. Of those who owe, many can’t pay their taxes by the return due date (April 18).
Home Energy Improvement Credit Is Enhanced
This tax benefit should have expired after 2021. However, a law change gave the home energy improvement credit renewed life and enhanced it beginning 2023.
The Tax Filing Deadline Is Drawing Near
Filed your 2022 tax returns? April 18 is the tax-filing deadline. Make sure to file your return or file for an automatic extension by this date.
S Corp Stockholders Must Take Reasonable Compensation
S corporation compensation is often misunderstood and abused. If stockholders work in the business, they must take reasonable compensation as wages.
Changes in Section 174 Mean You Should Review Your R&E Strategy
Several provisions in the TCJA have expired or will expire in the next few years. Last year was the end of current deductibility for R&E expenses.