Money Snatchers

crm_dvd9 asked: If a U.S. corporation has income from doing business in Quebec, does the U.S. corporation have to file a T2 corporate income tax return or do they only need to file a Quebec provincial corporation return? Please provide a link with answer.

king asked: let’s say, an s corporation makes a profit of a 100k a year with only one owner/shareholder. the one owner takes all the profit of a 100k as his income. in what procedure is he going to get taxed? is it better for an owner to say he earned 70K [...]

Roland D asked: I am helping a friend file his taxes for a small family-owned-business and am unsure of which form I need for his S-corporation. I know what info I need for the form but am unsure exactly what goes where on the form as well. Any help would be greatly appreciated.

Brian asked: If a New York S Corporation has done no business whatsoever in a tax year is it still a requirement to file?

jtesta46 asked: I used my personal savings to open a new location for my s-corporation. Can I deduct the money I spent on my personal tax return?

Kitty girl asked: We have two New York S corp. Every year it seems that something gets left out and we end up with penalties. CPA not too helpful . Can someone tell us what are the tax forms to be filed for a New York S-corporation?

tomghile123 asked: I have a real estate business in Florida under S Corporation. I live in California and work full time for a major corporation and earn wages income in California. My questions are:
1. Will I be able to write off my losses (if I lose money) on my CA state and federal taxes?
2. Do [...]

Robert S asked: The Employment Developement Department of california has threaten me with a tax assement and I would like to know if I can be personally held liable for it. In other words if I don’t pay it and they send it to collections could that be reported on my personal credit report?

Sizzle asked: I was offered a long term (3-5 years) contract position through an agency. I’m currently salary and the position is hourly only, so this is new for me. The agency who placed me, told me if I become an S-Corporation, my hourly rate will be $9/hr more since they will not [...]

Gator125 asked: I started a S Corporation in 2006 and put in $900 to start the business. At the end of year my corporation showed a loss of $300. My questions are….
1. I will be filing a loss on my s corporation return (s-1120) of $300, which is fine. But can [...]