Monthly Archives: September 2018

//September

Reasonable Compensation and S Corporations

Article Highlights:   Payroll Taxes Corporate Officers Employees of a Corporation Reasonable Salaries Factors Flow-Through Deductions Wage Limitations Unlike a C corporation, which itself pays the tax on its taxable income, an S corporation does not directly pay taxes on its income; instead, its income, losses, deductions, and credits are distributed across its shareholders’ individual [...]

By |2018-09-20T16:59:15+00:00September 20th, 2018|Categories: Uncategorized|0 Comments

Disabled Taxpayer Tax Benefits

Article Highlights:   Increased Standard Deduction Tax-Exempt Income Impairment-Related Work Expenses Financially Disabled Earned Income Tax Credit Child or Dependent Care Credit Special Medical Deductions Qualified Medicaid Waiver Payments ABLE Accounts Taxpayers with disabilities may qualify for a number of tax credits and other tax benefits. Parents of children with disabilities may also qualify. Listed [...]

By |2018-09-18T19:17:03+00:00September 18th, 2018|Categories: Uncategorized|0 Comments