Today Heather from Portland, Oregon asks, “Can I report income from S Corporation on Schedule C? If not, how do I get the home office, depreciation, etc. deduction as I cannot find these in the 1120S form?”
Category Archives: *Tax Quips
Today, Ford from the Internet says, “Last year I was head of household for 8 months. Then, I got married. Can I still file head of household? I want to be able to collect an Earned Income Credit (EIC).”
Today, Yvonne from Illinois hopes we can help her “I filed for a divorce in March of 2004. We live in separate homes and separate counties. Can I file for head of household, knowing he will also file for head of household. The divorce is not final yet.
Today Julie from Mountain View, CA says, “I’m just launching a new business. After talking to an attorney, I decided I wanted to be an S-corp. I incorporated on May 12, 2005. When I read the instructions for Form 2553 (Election by a Small Business Corporation), it stated that unless I filed for an S-corp. […]
Eva here, with just a little Independence Day fun.http://wsbarberschool.com/wp-content/languages/new/english-editing-service.html Today we’re skipping the questions and tossing out a bit of 4th of July trivia and silliness. Starting with the pledge of allegience. Let’s stand up. Place your right hand over your heart
Since we’re still a little groggy from the holiday, let’s play a bit more with 4th of July trivia and silliness.
Today, Michael from Palm Bay, FL tells us “I bought a home in 1984 as my residence. I was transferred in 1991 and had to rent it due to there being no market for home sales.https://www.richereducation.co.uk/wp-content/languages/new/write-an-analysis-essay.html It was rented (rental property schedule E) until 2004, when I retired and sold it. Do I declare the […]
From: Everywhere – we had about 10 questions about tax bankruptcies, this week alone. Who knows, perhaps this article re-surfaced Dear TaxMama, Is it true that you really can get rid of your taxes through bankruptcy? What is a tax bankruptcy and how can I get one? Signed… everyone. Dear Family, About three years ago, […]