Tax planning ideas for individuals, businesses, estates and trusts, Ideas for building an extraordinary business, News about Financial Insider Weekly television series episodes
Read More
This week’s interview on Financial Insider Weekly is with attorney Karl-Heinz Lachnit of the Silicon Valley Law Group. Our interview subject is, “Choices of forms for operating a business”.
Tags: business, company, corporation, forms, liability, limited, LLC, partnership, s
Businesses that generate consistent losses are an audit flag to the IRS. Under Internal Revenue Code Section 183, if an activity isn’t engaged in for profit, the deductions for the activity are generally limited to the amount of income from the activity.
Tags: business, deductions, deisallowed, disallowed, motive, profit
Although S corporations have some disadvantages compared to partnerships and limited liability companies, they also have some important advantages.
Tags: business, choice, entity, form, S corporation
2010 might be the last chance for S corporations to make a special election that may protect their status as S corporations and the related tax benefits.
Tags: S corporation