Employee Tax Expert
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Enrolled Agent with 46 years of experience in all phases of tax
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Yes, but please consult your financial advisor to make it a smooth transition to 401K.
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Yes even if you own a Sch C business, charitable donations go on Schedule A of Form 1040.
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Yes you can still take the self-employed health insurance deduction if you have Marketplace insurance.
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Notify the financial institution that you will no longer be contributing to the SEP-IRA and that you want to terminate the plan and set up a 401K plan. You can ...
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As a single member LLC you can take a deduction for the umbrella liability product and the health insurance would be an adjustment to income as self employed he...
Activity Feed for dburns1
- Got Cheered for Re: I missed out on filing my estimated tax payments and got penalized (with interest) as a result.. November 13, 2024 6:31 PM
- Got Cheered for Re: Had an account tell me I was writing off charity incorrectly...how should you write it off? what form / line?. November 13, 2024 1:37 PM
- Posted Re: Transitioning a SEP IRA to Solo 401k for an S-corp within the same calendar year on Business & farm. November 13, 2024 11:53 AM
- Tagged Re: Transitioning a SEP IRA to Solo 401k for an S-corp within the same calendar year on Business & farm. November 13, 2024 11:53 AM
- Posted Re: Had an account tell me I was writing off charity incorrectly...how should you write it off? what form / line? on Business & farm. November 13, 2024 11:46 AM
- Tagged Re: Had an account tell me I was writing off charity incorrectly...how should you write it off? what form / line? on Business & farm. November 13, 2024 11:46 AM
- Got Cheered for Re: Should I include my single member LLC in my individual filing?. November 13, 2024 11:38 AM
- Got Cheered for Re: 1099 NEC payments. November 13, 2024 11:22 AM
- Got Cheered for Re: TRAVEL EXPENSES. November 13, 2024 11:02 AM
- Got Cheered for Re: Health Insurance and Umbrella. November 13, 2024 10:48 AM
- Posted Re: Health Insurance and Umbrella on Business & farm. November 13, 2024 10:40 AM
- Tagged Re: Health Insurance and Umbrella on Business & farm. November 13, 2024 10:40 AM
- Posted Re: Transitioning a SEP IRA to Solo 401k for an S-corp within the same calendar year on Business & farm. November 13, 2024 10:19 AM
- Tagged Re: Transitioning a SEP IRA to Solo 401k for an S-corp within the same calendar year on Business & farm. November 13, 2024 10:19 AM
- Got Cheered for Re: Cost segregation. November 13, 2024 10:05 AM
- Posted Re: Health Insurance and Umbrella on Business & farm. November 13, 2024 10:00 AM
- Tagged Re: Health Insurance and Umbrella on Business & farm. November 13, 2024 10:00 AM
- Posted Re: 1099 NEC payments on Business & farm. November 13, 2024 9:56 AM
- Tagged Re: 1099 NEC payments on Business & farm. November 13, 2024 9:56 AM
- Posted Re: I missed out on filing my estimated tax payments and got penalized (with interest) as a result. on Business & farm. November 13, 2024 9:49 AM