S Corporation Articles
2010 GAO S-corporation Study and Recommendations For Tax Changes Commentary We examine the 2010 GAO report which looked at how accurately S corporations reported their taxes. The report also examined the complexity of shareholder basis and the topic of reasonable wages.
S Corporation Audits Increase 34% in 2006. IRS audits of small business corporations and wealthy individuals increased significantly in 2006. The IRS is placing more emphasis on pass-through tax entities used by knowledgeable entrepreneurs.
S Corporations and Reasonable Salary. In light of the Treasury Department Study, we discuss reasonable salary issues for S-corporation officer-shareholders.
Treasury Department Suggests S Corporation Tax Change. To increase Social Security and Medicare tax collection, a recent Treasury study suggests making all operating earnings of single-shareholder S corporations subject to employment taxes.
IRS To Examine S Corporation Tax Compliance. The IRS announces it plans to randomly audit 5,000 S-corporation tax returns to see if entrepreneurs understand how to properly fill out the 1120S tax return and K-1s. (IRS S Corporation press release)
IRS Changes S Corporation Shareholder K-1 Forms Tax changes give S-corporation shareholders an updated K-1 form, increase the number of allowed S-corporation shareholders from 75 to 100, and allow the immediate deduction of some business start-up costs.
Minnesota Corporation Owners Can Opt Out Of State Unemployment Insurance. Press Release Summary: Effective January 1, 2005, Minnesota corporation officers who own 25% or more of their company's stock can elect not to be covered by Minnesota state unemployment insurance (SUI). Updated 2007. From a tax-standpoint, not electing coverage isn't always the best option.
S Corporations Help Small Business Owners Save On Taxes. Learn how Vice Presidential candidate John Edwards saved $591,000 by forming an S Corporation.
Choosing Between An S Corporation And A Limited Liability Company
Choosing Between An S Corporation And A C-Corporation
IRS Now Allows Filing Form 2553 (Election of S Corporation Status) With Corporate Tax Return.
Update On Entrepreneur Trademark Conflict
For the latest about the conflict of the trademark over the word "entrepreneur"
Entrepreneur Trademark TOC
Questions & Answers The Entrerpeneur Trademark Conflict
Small Business Articles
Entrepreneurial Value Creation (essay)
American Health Care "Reform" And Really Small Businesses: Enough To Make You Sick
American Economy In A Vise Grip (General economic commentary)
Dirty Socks And Bad Banks (opinion, commentary). I contemplate extending the bank bailout to non-paying eBay bidders.
Setting Business New Year's Resolutions
Songwriters Selling Rights To Copyrights Can Now Claim a Capital Gain And Pay Lower Taxes
New SBA Study Examines Home-Based Businesses This study compares home-based businesses claiming the home-office deduction to those who rent space. We learn the average home business has revenue of $62,523 and net profits of $22,569.
Why Small Business Owners Should Support Network Neutrality (Opinion-Editorial)
Health Savings Accounts (HSAs) for Small Business
Starting A Business In Minnesota
Reducing Your Business Taxes With Section 179 Deductions
Revenue Per Employee In Small Business
Business Entry Strategy: Study Your Industry
Small Business Marketing 101
Angel Investing and Entrepreneurship
Money, Mortgages, Morality, Microlending, Entrepreneurship, and A Free Lunch (Commentary-Opinion)
Small Business, Entrepreneurship, Home Business, Investing, And Self-Publishing Books
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A basic introduction to starting a home-based business. This book covers home-based business models, licensing, zoning, intellectual property (copyrights, patents, and trademarks), sole proprietorship taxation, and more.
Getting Rich In Your Underwear:
How To Start And Run A Profitable Home-Based Business
Written for small business owners who want to understand S corporations, this book covers basis, tax forms (including worked examples of 1120S and K-1s), and much more.
How To Start And Run Your Own Corporation: S-Corporations For Small Business Owners