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Topics: Economy

economy

How are estate trusts taxed?

When trust beneficiaries receive distributions from the trust’s principal balance, they do not have to pay taxes on the distribution. The trust must pay t...

Jan 20, 2026 0 Views
economy

How do you record sale of an S-corp?

How to Record an S Corporation Stock Sale Confirm the new shareholder’s eligibility. Check for transfer restrictions. Record the sale in the stock transfe...

Jan 20, 2026 0 Views
economy

Can S corps have w2 employees?

As the sole owner of a Sub-S corporation, any compensation that the corporation pays you (you have to think of the corporation as a separate entity) is to...

Jan 20, 2026 0 Views
economy

What does code 179 mean?

Tax Code Section 179 basically allows a business to take full depreciation expense in the year it purchases the equipment or software rather than spreadin...

Jan 20, 2026 0 Views
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