Posted on March 22, 2009 by admin
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.
Continue ReadingPosted on March 17, 2009 by admin
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 as income and [...]
Continue ReadingPosted on January 30, 2009 by admin
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.
Continue ReadingPosted on January 25, 2009 by admin
Brian asked: If a New York S Corporation has done no business whatsoever in a tax year is it still a requirement to file?
Continue ReadingPosted on January 19, 2009 by admin
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?
Continue ReadingPosted on January 6, 2009 by admin
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?
Continue ReadingPosted on January 2, 2009 by admin
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? [...]
Continue ReadingPosted on November 15, 2008 by admin
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?
Continue ReadingPosted on September 29, 2008 by admin
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 do any [...]
Continue ReadingPosted on September 15, 2008 by admin
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 I show $900 [...]
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