S Corporation Taxation 2017

Author: Robert W. Jamison
Publisher: Cch
ISBN: 9780808045151
Size: 17.96 MB
Format: PDF, ePub, Mobi
View: 1469
Download Read Online
The S corporation is the most popular entity for closely held businesses, but the rules that regulate S corporations and make them a popular choice are complex, confusing and in a state of flux.

Lawyer S Desk Book

Author: Dana Shilling
Publisher: Wolters Kluwer Law & Business
ISBN: 1454857382
Size: 79.88 MB
Format: PDF, ePub, Docs
View: 4854
Download Read Online
1.05 SUBCHAPTER S CORPORATIONS An S Corporation, although it is a
corporation (and therefore its stockholders are entitled to limited liability
protection), is taxed by and large as a corporation. It is a pass-through entity, and
in most instances, there will be no tax at the corporate level (see §4.12[A] for the
exceptions). See Code §§311 and 1366–1368, and §4.12[A] of this volume, for S
Corporation taxation. As originally drafted, Subchapter S permitted only 75
shareholders, and ...

Ey Tax Guide 2016

Author: Ernst & Young LLP
Publisher: John Wiley & Sons
ISBN: 1119243122
Size: 67.92 MB
Format: PDF, ePub, Docs
View: 2349
Download Read Online
If you are a member of an S corporation, you may protect yourself from
underpayment penalties by basing your payments on one of the exceptions
described in chapter 4, Tax withholding and estimated tax. Generally, an S
corporation must have its tax year-end on December 31. However, under certain
circumstances, an S corporation may operate on a fiscal year; that is, its tax year
may end on a date other than December 31. Your return should include all S
corporation income for its ...

Income Tax Fundamentals 2016

Author: Gerald E. Whittenburg
Publisher: Cengage Learning
ISBN: 1305664485
Size: 80.97 MB
Format: PDF, Mobi
View: 3934
Download Read Online
LO 11.2 Compute basic capital gains and losses for corporations. LO 11.3
Ascertain how special deductions may affect corporate taxable income. LO 11.4
Identify the components of Schedule M-1 and how they are reported to the IRS.
LO 11.5 Know the corporate tax return filing and estimated tax payment
requirements. LO 11.6 Understand, in general, how an S corporation is taxed and
operates. LO 11.7 Understand the basic tax rules for the formation of a
corporation. LO 11.8 ...

South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

Author: William H. Hoffman
Publisher: Cengage Learning
ISBN: 1337516740
Size: 32.83 MB
Format: PDF, Kindle
View: 298
Download Read Online
S corporation income distributions do not count as compensation for computing
an employee's contribution formula for a qualified retirement plan. • The IRS and
the courts require ... If a partner or proprietor reports salary income from other
sources and the aggregate salaries exceed the annual FICA ceiling, a
partnership or proprietorship entity may provide tax savings over an S
corporation. ... EXAMPLE A calendar year C corporation has an NOL of $20,000
in 2016. The corporation ...

Llc Or Corporation

Author: Anthony Mancuso
Publisher: Nolo
ISBN: 1413323189
Size: 33.22 MB
Format: PDF, Docs
View: 1110
Download Read Online
LLC or Corporation? is packed with real-world examples to help you make the best choice for your company.This book has downloadable interactive forms.

J K Lasser S Small Business Taxes 2016

Author: Barbara Weltman
Publisher: John Wiley & Sons
ISBN: 111914390X
Size: 47.94 MB
Format: PDF, ePub
View: 5858
Download Read Online
IRS forms (Continued) 1099-MISC, Miscellaneous Income, 39,46, 76, 609 1099-
R, Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans,
IRAs, Insurance Contracts, Etc., 609 1116, Foreign Tax Credit, 286 1120, Section
H, Section 280H Limitations for a Personal Service Corporation, 43, 104–105
1120, U.S. Corporation Income Tax Return, 21, 22–26, 178–179 1120S, U.S.
Income Tax Return for an S Corporation, 19, 104, 178 1120-W, Corporation
Estimated Tax, ...

Ernst Young Tax Guide 2017

Author: Ernst & Young LLP
Publisher: John Wiley & Sons
ISBN: 1119248183
Size: 28.77 MB
Format: PDF, Mobi
View: 4558
Download Read Online
Generally, an S corporation must have its tax year-end on December 31.
However, under certain circumstances, an S corporation may operate on a fiscal
year; that is, its tax year may end on a date other than December 31. Your return
should include all S corporation income for its operating year that ends within
your tax year. Example If your S corporation's year ends on October 31, your
return for 2016 will include the income items for the corporation's entire year that
ended October ...

South Western Federal Taxation 2017 Individual Income Taxes

Author: William H. Hoffman
Publisher: Cengage Learning
ISBN: 1337430927
Size: 77.43 MB
Format: PDF, ePub, Docs
View: 1870
Download Read Online
Because a partner pays tax on income as the partnership earns it, a distribution
by the partnership to the partner is treated under the recovery of capital rules.56
27 Tara owns a one-half interest in the capital and profits of T & S Company (a
calendar year partnership). For tax year 2016, the partnership earned revenue of
$150,000 and had operating expenses of $80,000. During the year, Tara
withdrew from her capital account $2,500 per month (for a total of $30,000). For
2016, Tara ...

Wiley Cpaexcel Exam Review July 2016 Focus Notes

Author: Wiley
Publisher: John Wiley & Sons
ISBN: 1119309085
Size: 24.69 MB
Format: PDF
View: 7482
Download Read Online
Taxation. of. S. Corporations. Scorporation is a pass-through entity. Scorporation
must file • Form 1120S tax return (due 21⁄2 months after end of year) • Form K-1
for each shareholder indicating each shareholder's share of income and
expenses S corporation's income and expenses pass through to individual
shareholders. • All ordinary income and deduction items can be netted with the
net amount passed through to shareholders • All items having special tax
characteristics must be ...