Tax
RECENT ARTICLES
California S Corporation: Dangerous Formation Mistakes
January 10, 2023 07:01 pm by LawInc Staff
California S corporations offer great benefits like limited liability protection and tax savings. Unfortunately, many S corporation owners often miss critical steps during the incorporation process which can lead to...
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How to Save Thousands in Taxes With an S Corporation
January 06, 2022 11:01 am by Bryan Kesler, CPA
It’s a well-documented fact that over 70% of businesses in the USA comprise sole proprietorships. This means that they are a single-owner enterprise, with the owner functioning independently. Sole proprietorships...
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Donald Sterling May Actually Save Money on His Taxes
May 05, 2014 03:05 pm by Sheren Javdan
Los Angeles Clippers owner Donald Sterling, who was banned by the NBA for life last week for his racist remarks, might actually not have to pay as much in taxes...
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Small Business Owners Struggle Most With Tax Prep: Not Taxes
April 16, 2014 02:04 pm by Sheren Javdan
Two things in life are certain: death and taxes. But for small business owners, the large amount of money due at the end of the tax season is not the...
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Bitcoin Deemed A Property, Not Currency, By I.R.S.
April 09, 2014 11:04 am by Sheren Javdan
The Internal Revenue Service (IRS) announced today that it would tax Bitcoin as property rather than currency. This announcement comes just before the April 15 tax deadline looming around the...
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Californians and New Yorkers Pay the Most Taxes
March 20, 2014 08:03 pm by LawInc Staff
Do you live in California or New York? If so, be prepared to cough up a lot of money on taxes every year. According to WalletHub, a community-based personal-finance firm,...
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