Warning: Shady Tax Preparers

The IRS is warning individuals to stay alert and be weary of shady tax preparers. Watch for warning signs, including charging a fee based on the size of the refund or asking you to sign a blank return. Check out the IRS’ annual Dirty Dozen campaign, a list of 12 scams...

How Are S-Corporations Taxed

Unlike regular (non-S-Corporations) S-Corporations do NOT pay income tax. Instead they are considered pass-through entities. This means that the business’s profits, losses, and other items of the S-Corporation are passed through to the owners/shareholders in the year...