I think you are confusing S-corp. with C-corp. C-corp. do pay taxes at entity level and any cash distributed to shareholder will be reported as dividend income ...
Hello5Fam,
Calculated estimated taxes via tax software do not get reported to IRS. So if you changed estimated amount during the year, IRS will not penalize yo...
HelloJVersaguis,
S-corp. is a pass-thru entity that means S-corp. itself do not pay any federal taxes (some states might have certain type of tax at entity lev...
Hellodick16,
When you start working on your 2024 return, follow these steps to report interest on Tax Exempt bonds.
1. Go to Income and Wages.
2. Click on Inv...
HelloLori_E,
If this is a single member LLC and there is no activity in 2024, you do not need to report it on tax return. Make sure to file paper work with sta...
