Do you own more than 2-percent of your S-corporation?

Be sure to follow the special IRS rules that allow you to deduct your health insurance premiums.  These rules are particularly important if your S corporation employs your parents and/or non-dependent children who don’t own any stock in your corporation. And be...

How to Get Ready for the NEW Individual Coverage HRAs

From January 1, 2020, the new individual coverage HRAs were created by Presidential Executive Order 13813 and will become active. By the end of October 2019, you have to create the right documents and have them ready to put the individual coverage HRA in place. How to...

Corporations Reduce IRS

Corporations Reduce the IRS Audit of Home-Office Deductions. How? Are you overly suspicious that your home-office deduction will invite an IRS audit? Well. Countless taxpayers are not able to take advantage of a significant deduction that they’re entitled to...