technology trends
What is schedule l for Form 1120-S?
Last year I wrote a post about the S Corp tax return, aka IRS Form 1120-S. Near the end of the post, I briefly mentioned Schedule L, the balance sheet. He...
Jan 03, 2026 0 Views
Topics: Technology Trends
technology trends
What is the max contribution to a traditional IRA?
$6,000 Traditional IRA contributions The maximum total annual contribution for all your IRAs (Traditional and Roth) combined is: $6,000 (for 2020) and $6,...
Jan 03, 2026 0 Views
technology trends
Can you be your own registered agent for an LLC in Texas?
Yes, any owner or employee of a business can be its registered agent in Texas as long as they are over the age of 18, and have a street address in Texas. ...
Jan 03, 2026 0 Views
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Where do I put health insurance on 1120S?
Page 16 of the Instructions for Form 1120S states: “Report amounts paid for health insurance coverage for a more than 2% shareholder (including that share...
Jan 03, 2026 0 Views
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Why is half my bonus taxed?
Why bonuses are taxed so high It comes down to what’s called “supplemental income.” Although all of your earned dollars are equal at tax time, when bonuse...
Jan 03, 2026 0 Views
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Is Universal a taxable benefit?
Universal Credit is not a taxable payment, however some forms of income may be subject to income tax. How much savings can I have on Universal Credit 2020...
Jan 03, 2026 0 Views
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Do I need a tax-exempt certificate?
A sales tax exemption certificate is needed in order to make tax-free purchases of items and services that are taxable. This includes most tangible person...
Jan 03, 2026 0 Views
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Can an S Corp have 1000 shares?
S Corporation Shares The owners of a business determine how many shares a company must have to form an S corporation. This can range from 10,000 shares to...
Jan 03, 2026 0 Views
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How are long-term capital gains taxed in 2019?
Long-term capital gains tax is a tax on profits from the sale of an asset held for more than a year. The long-term capital gains tax rate is 0%, 15% or 20...
Jan 03, 2026 0 Views
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Can you be a chaplain without being ordained?
Chaplains are responsible for pastoral care in organisations such as schools, hospitals, prisons, emergency services and the military. Chaplains may be me...
Jan 03, 2026 0 Views