How Employee Stock Options Are Taxed cover

How Employee Stock Options Are Taxed

There are two basic types of employee stock options for tax purposes: a non-statutory option and a statutory option. Their tax treatment is very different.
What You Need to Know About Converting an S Corp to a C Corp cover

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? cover

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 cover

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 cover

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 cover

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 cover

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 cover

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.