09 Feb Business Entity Selection and the Tax Consequences of Converting
Business Entity Selection and the Tax Consequences of Converting...
S Corporation Tag
03 Jun Requirements for Nonrecognition of Gain (or Loss) on Transfer of Property to a Corporation IRC 351
Posted at 00:00h
in 351, Capital Gain, Capital Loss, Corporation, Like/Kind Exchange, Tax Guidance & Preparation
If property is transferred to a corporation by one or more people solely in exchange for stock in the corporation and immediately after the exchange the person or people engaged in the exchange are in control of the corporation then generally speaking subject of course...
26 May *****S Corporations and Self Employment Tax
Posted at 00:00h
in Employment Tax, FICA, Self Employ, Small Business, Sole Proprietor, Sub-chapter S, Tax Guidance & Preparation
The American Jobs and Tax Loopholes Act, currently in Congress, would subject to Self Employment Taxes (FICA, FUTA, SUTA) all distributions from S Corporations which are "personal service" corporations. This is HUGE. This is not good for the small business owner. If...