In this video, I’m going to cover the 4 biggest mistakes you can make to generate S-Corp double taxation. And if you thought double taxation was reserved just for C-Corps, then you would be wrong. And if you formed or are thinking about forming an S-Corp because you...
Video Transcription: Many states have now implemented laws that allow you to deduct your state income taxes on your federal tax return. What’s significant about this is that the IRS has actually published a notice blessing this strategy. The general idea is that...
Although it shouldn’t happen in theory, we often see incorrectly issued 1099s. And with the increased 1099-K reporting coming up, we’re expecting to see many additional 1099s that are not correctly reported. For example, you may have received a 1099-K and 1099-NEC...
While Delaware cannot be considered an “offshore tax haven,” the state is still considered a tax haven for many. And as the state provides tax incentives for different legal entities, it is still not quite a haven for all of them. As a result, business...
If you’ve filed your return and haven’t received your refund this tax season, then we’ll cover the top five reasons in this article. We’ll also provide the information and links on how you can resolve some of these issues directly with the IRS and prevent them from...
