Blog Archives

S – Corp Charitable Donations

The most intriguing aspect of maintaining this tax blog is the pleasure of meeting and engaging a wide variety of successful people all with the courage to take the risk of venturing out on their own professionally in pursuit of

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Posted in Charitable Contribution, Sub-chapter S

How to calculate stock and loan basis in an S Corp for tax purposes

The Perturbing New Treatment of Patents Under the Tax Cut & Jobs Act (TCJA)

How to calculate stock and loan basis in an S Corp for tax purposes?  Or as my hippie friends call it, "The secret of the Golden Flower."  Seemingly elusive and yet oh so real. If you are a shareholder of

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Posted in Basis, Corporation, Cost Basis, Depreciation, Self Employ, Small Business, Sole Proprietor, Sub-chapter S, Tax Guidance & Preparation, Tax Problems & Requests

Calculating Adjusted Basis in an S-Corporation

Business Entity Selection and the Tax Consequences of Converting

It seems to me that a relatively significant problem for most Sub chapter S Corporations is accounting for the capital accounts of each and every single shareholder. The company must maintain reasonably detailed records of each shareholder's equity investments of

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Posted in Basis, Corporation, Sub-chapter S
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