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When taxes for an s-corporations profits are passed through
When taxes for an s-corporations profits are passed through to its shareholders, is their obligation based on their portion of shares issued, or shares authorized? Let's say there are 1,000,000 author… read more
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I have a question about the new Pass-through tax law. I am a
I have a question about the new Pass-through tax law. I am a partner in an LLC. I am not paid via w-2 but thru guaranteed payments and receive a K-1 each year. I have read in the new law that guarante… read more
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Hello, I am in a bit of a new situation which I would like some advice on how to handle in terms of taxes let me explain: … read more
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IRS Tax Question: We are looking for tax advice relative to a buy out of the shares of one of our partners, past that potentially looking for a new accounting firm for tax preparation and advice gener… read more
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I have been an LLC part time from December 2013 through the
Hello I have been an LLC part time from December 2013 through the end of 2016. So I filed on my regular taxes, as I had another job. From January of 2017 through Dec 2017 I worked full time with my LL… read more
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Financial professional:. Could I ask you a question?
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New tax proposal - Pass-thru entities. The 23% deduction of
New tax proposal - Pass-thru entities.The 23% deduction of income from a pass-thru entity on an individual taxpayer tax return - is that for all pass-thru entities or just the Qualified Business list … read more
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This question is for Lane... I have an LLC in Texas and I'm
This question is for Lane... I have an LLC in Texas and I'm the only member. Right after forming the LLC (2015) we asked for and were classified a C Corp for Federal Income tax purposes. I have been t… read more
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I have a question about my personal taxes ( tax ) if I have
I have a question about my personal taxes ( tax ) if I have a income of 700,000 from my company with a w2 how much taxes I will pay, but I buy this year 2 house in total 580,000 and 1 car 60,000 ?… read more
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I have 2 US LLCs, both IRS disregarded entities. One is
I have 2 US LLCs, both IRS disregarded entities. One is owned by myself only, resident in Cyprus (Europe). The other one is held by a Cyprus company. Both are in Florida and they own, rent, sell real … read more
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I have a follow-up question for Mrs. Lane about a Tax Law
I have a follow-up question for Mrs. Lane about a Tax Law issue; how caan I pose the question to her? … read more
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Scenario: S Corp owns 100% of an LLC, S Corp is owned by 5
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I am starting a new LLC business and it was suggested to me
I am starting a new LLC business and it was suggested to me that I should not file LLCS Corporation, as the laws are changing. Could you please tell me how the LLC S Corporation is going to be set up … read more
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If we set up a DBT what are the roles of the participants?
If we set up a DBT what are the roles of the participants? My husband and I both have investment in the property. Can we both be beneficiaries or is one the beneficiare and one the adminstrator? What … read more
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in texas, if you have a large amount of equipment purchased
in texas, if you have a large amount of equipment purchased individually and presently on the form 1040 schedule c, what would be the best alternative to form a corporation, doing an LLC or doing a In… read more
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Myself and two business partners are starting up a holding company which will have no business operations other than holding 100% equity in our "operating companies." Both the holding company and oper… read more
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I am an officer and the sole director of a Delaware C corporation
I am an officer and the sole director of a Delaware C corporation which has elected subchapter-S tax status. I am launching a new business with two partners for which a new Delaware LLC has been estab… read more
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i am an officer and owner of different scorporations i
I am an officer and owner of 2 different S-corporations. I received a salary from one of the corporations (the other was not profitable in '05) in 2005. Do the corporation taxes need to be filed first… read more
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