Given your scenario, and assuming that you are filing Married Filing Jointly because you referenced "our taxable income", you are correct that you could sell $5...
The earliest you can take your first Required Minimum Distribution (RMD) is January 1st of the year you reach age 73.
You and your spouse each need to calculat...
The health insurance is deductible, but with a specific process.
The S-Corp must pay for the premiums directly to the provider or reimburse the owner. This am...
Before I answer this, I'd like to clarify a few things about how I am reading your question. When you say that 100% of your income for the business comes in a W...
The only time you should consolidate them on a single Schedule C is if the activities are closely related. For example, let's say you mow lawns and also offer m...
