business
Can an S Corp make a charitable donation?
Corporations and S corporations can make charitable donations on their business income tax returns. All other businesses pay taxes as pass-through entitie...
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Business
business
How do you know if my SSN is being used?
To see if your Social Security number is being used by someone else for employment purposes, review your Social Security Statement at to look for suspicio...
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business
What are natural gas royalties?
It goes like this: Gas companies and landowners sign a lease agreement before drilling begins. The royalty is money paid to the mineral owner, like Clark,...
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business
Is there a right way to sell a house in California?
There is no one right way to sell a house in California, but one thing is for certain, homes that have been updated, repaired and are in Move in ready con...
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business
How many years can the IRS go back to audit you?
three years Generally, the IRS can include returns filed within the last three years in an audit. If we identify a substantial error, we may add additiona...
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business
What happens if I have 2 medical insurance?
If you have multiple health insurance policies, you’ll have to pay any applicable premiums and deductibles for both plans. Your secondary insurance won’t ...
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business
How do you explain depreciation on equipment?
Equipment depreciation is a measure of how much a piece of equipment drops in value each year. As you calculate the depreciation of your assets, you can m...
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business
Can a 501c3 have an endowment fund?
The endowment can be set up within your existing nonprofit corporation, or it can be spun off into a separate 501(c)(3) organization or foundation. Althou...
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business
How do I know if my tax return was mailed?
If you are expecting a refund you can check the IRS website Where’s My Refund 4 weeks after mailing your return. After 2-3 weeks have passed you may also ...
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business
Which is the best state to sell a rental property?
High taxes could minimize your profit and make selling worthwhile. If you do decide to sell, you could consider investing in a different market with lower...
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