There exist two kinds of dividends, qualified and ordinary dividends. Ordinary dividends are taxed at the income tax rate, and qualified dividends are taxed at a lower special rate.As...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 08/24/2021
The significant difference between S corps and partnership is the protection limited liability that S corps business owners enjoy. Partnerships, however, do not have this protection,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 04/27/2021
Rejecting tax extension application through e-file or on paper isn’t really something that the IRS would do a lot of times. However, they have rejected tax extension applications...
Posted by Elliot Kravitz, ATP on 04/17/2019
When starting a business, one of the first decisions you'll face is what type of business to register for. The type of business you choose will affect your taxes, obligations,...
Posted by CORE PERFORMANCE on 03/26/2021
QBI, also known as qualified business income deduction is a form of tax deduction that allows business owners and qualified self-employed people to deduct as much as 20% out of their...
Posted by Schneiderman and Friedman on 03/22/2021
Partners need to examine and review their operating agreement for them to effect the new audit rules. As of the 2017 tax year, the IRS examined tax returns from a partnership...
Posted by Tim Thompson CPA PLLC on 02/27/2020
The FAST (Fixing America Surface Transportation) Act, a five-year law on bipartite land transport approved by the House (359-65) and the Senate (83-16), was signed by President Obama....
Posted by LLOYD J CAZES CPA on 09/30/2019
While assessing your tax or working with a tax preparer or accountant, there is this sense of limiting your tax obligation by ensuring you claim the most significant measure of deductions...
Posted by YourIRSTaxAdvocate.com on 02/27/2019
Angel investors are individuals who offer capital for business start-ups in exchange for ownership equity or convertible debt. Some people invest online via equity crowdfunding or...
Posted by John Pournaras Agency on 05/21/2018
