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...

IRS Issues Final Section 199A Regulations and Defines QBI

  If you are currently operating a pass-through business such as a proprietorship, partnership, or S corporation, you might want to have a look at this. Thanks to the finalized regulations of Section 199A, you can now be eligible to have a tax deduction of up to 20...

Corporations Reduce IRS

Corporations Reduce 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 because...

The 2nd Office Is Your Principal Place Of Business

A home-office deduction can be extremely valuable, but many taxpayers worry that the deduction will initiate an IRS audit.  That’s compassion. You see, you should take full advantage of it and put your worries aside, and you’re entitled to the deduction if...