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s-corporations

16 Tips to Avoid a Tax Audit of Your Small Business Return

March 26, 2009 by Daniel Kehrer with 453 views

IRS audits of small business tax returns are up - way up, and headed even higher. The Internal Revenue Service has said loud and clear that it believes roughly $100 billion of income from small business, home office and other solo-operator sources goes unreported each year.  As a result, the tax collecting agency has amped up an... [read more]

Can S-Corporations Make Charitable Contributions

February 29, 2008 by Ryan Ellis with 36 views

Q: Can S-corporations make charitable contributions? Does the same 10% of income limit apply that corporations have? Melissa A: S-corporations can make charitable contributions. Like all other items of income and expense, it flows through to the S-corp owners, where it gets populated as an itemized charitable contribution on the... [read more]

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