Monthly Archives: September 2018

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 |2018-09-20T16:59:15-07:00September 20th, 2018|Categories: Uncategorized|Comments Off on Reasonable Compensation and S Corporations

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 |2018-09-18T19:17:03-07:00September 18th, 2018|Categories: Uncategorized|Comments Off on Disabled Taxpayer Tax Benefits
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