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I need to speak to a tax professional about filing past
I need to speak to a tax professional about filing past returns with no business transactions … read more
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I own an s Corp and did not w-2 myself for last year, nor did I file an 1120s, 940 and 941's for each quarter. What is the best way to handle this with minimum amount of penalties? I thought my new ac… read more
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I have an llc that is elected as an s-corp. It generated about 108k last year, with a salary that I paid myself of 48000 and 18850 in retirement contributions. When I input my k-1 and w-2 information … read more
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I converted my business last year from a LLC to a S-Corp.
I converted my business last year from a LLC to a S-Corp. California Secretary of State stamped the Articles of Incorporation 3/29/2018. I have not yet filed an 2553 with the IRS. I am using Turbo Tax… read more
Dr. Fiona Chen
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My LLC S-Corp Election was approved in September 2018.
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Fred Rook
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I have a couple questions about closing a business. Well, I
I have a couple questions about closing a business. Well, I thought we closed the business back in 2015, but I was reading up on a few things because of tax issues that came back from the 2014 year. Now I realized we never completed the proper forms with the IRS to close an S Corp. … read more
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I have an S-Corp with no activity and I discovered I am now
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Lev
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I incorporated an S-Corp in DE on 10/9/2014, and it never
I incorporated an S-Corp in DE on 10/9/2014, and it never had any assets and I'd like to dissolve it. I paid the annual DE franchise fee, but I never filed tax returns. I want to dissolve it now in DE… read more
PDtax
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This is the first time I had to do business taxes and I did
This is the first time I had to do business taxes and I did not know they are due different date than personal. What happens now. Can I still send them or etc? I have an s corp. Business home is FL, b… read more
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My husband is 100% shareholder and sole owner of an S-corp.
hi my husband is 100% shareholder and sole owner of an S-corp. His compensation listed on the company 1120S is 27000. The net income was a loss of $-2127. My problem is no previous taxes were paid on … read more
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I am a S corp with one shareholder, myself. I am trying to
I am a S corp with one shareholder, myself. I am trying to get caught up with taxes myself as business cannot afford accounting fees. I wanted to dissolve corp as business isnt not profitable {lawn an… read more
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Last year was first year I formed Corp-S. I filed 1120 for
Last year was first year I formed Corp-S. I filed 1120 for Corp-S, which has a small loss. How do I record that loss as pass-thru to my individual 1040. Do I do it via Schedule C ? My Corp-S is fiscal… read more
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my husband has an S corp business that made no money last year.
my husband has an S corp business that made no money last year. Do we still need to file a tax return for it?… read more
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Hi. Last year mid-year I changed my business from a single-member
Hi. Last year mid-year I changed my business from a single-member LLC last year to a single-stockholder s-corp. I paid myself W-2 from the s-corp, and showed a $7K loss for the year. How do I treat th… read more
socrateaser
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How do I need to file if I own an S-Corp, have no employees.
How do I need to file if I own an S-Corp, have no employees. I have already paid and filed my 1120 to the IRS for the year. How do I file my personal taxes with my wife? Last year I was employed by Ba… read more
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