Sole Proprietor

Kayak on lake with mountain sunset view.

Business Entity Selection and the Tax Consequences of Converting

02/09/2017
For this post Brandon Rains, founder of the Rains Laws Firm and an expert on...
Business Structure / Corporation / LLC / Sole Proprietor / Sub-chapter S
Dramatic sunset with tree and reflection.

Why to Revoke An S Election and How to Do It – Internal Revenue Code Section 1362(d); Reg § 1.1362­6(a)

06/08/2015
Many entrepreneurs get caught up in selecting the "most appropriate business structure" - particularly people...
Employment Tax / Entity Classification / Paying Taxes / Payroll Tax Problems / Penalty / Small Business / / / Sole Proprietor / Start up costs / Sub-chapter S / Tax Abuse / Tax Guidance & Preparation / Tax Problems & Requests
Fiery sunset clouds reflected on a lake.

Can You Establish a SEP Plan if you are a Sole Proprietor? What if that Sole Proprietorship Had Historically Passive Income?

01/09/2015
Regardless of their nature or topic matter, off beat questions are one of the spices...
Business Expense / Deductible Expense / Employee Business Expense / Employment Tax / Partnership / Passive Activity / Payroll Tax Problems / Self Employ / Sole Proprietor / Sub-chapter S / Tax Deductible Expenses / Unemployment
Smiling businessman sitting at desk with laptop.

What is the best Business Structure to form If Any?

10/29/2014
What I love most about Colorado, more than the 300+ days of sun every year...
Business Expense / Business Income / Business Structure / Capital Gain / Capital Loss / Employment Tax / Limited Partnership / LLC / Net Operating Loss / Partnership / Self Employ / Small Business / Sole Proprietor / Start up costs / Sub-chapter S / Tax Guidance & Preparation
Earth visible from Mars' surface, labeled.

A Brief Introspection of Repair vs. Improvement: IRS Revenue Procedures 2014-16 and 2014-17

06/26/2014
That's right Y'all this is another one of those quite game changers for owners of...
1031 Exchange / Business Expense / Depreciation / Rental Real Estate / Sole Proprietor / Tax Abuse / Tax Guidance & Preparation / Tax Problems & Requests
Person working with tablet and calculator.

IRC 7216 Disclosure Issues to Consider When Selling Your Practice – Start With A Tight NDA

06/04/2014
As many of you know who follow this blog I have served in the past...
Disclosure / Enrolled Agent / Partnership / Small Business / Sole Proprietor / Sub-chapter S / Tax Guidance & Preparation / Tax Preparer

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