S-Corps

IRS issues proposed regulations on new 20 percent deduction for passthrough businesses

IRS issues proposed regulations on new 20 percent deduction for passthrough businesses

The Internal Revenue Service issued proposed regulations today for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income.

March 15 - Check Out for Upcoming Tax Deadlines

On March 15th a large number of Tax Report and Payment are due, specially for LLCs, S-Corporations & Trusts. Don't miss out any report that may apply to your business. Avoid Penalties and Late Filings!

Know more Here

Forms Due on March 15th

* 7004 FOR LLCS & S-CORPS
* 1120S FOR S-CORPORATIONS
* 8805 FOR LLCS WITH FOREIGN PARTNERS
* 1042 & 1042S FOR LLCS & CORPORATIONS WITH FOREIGN CONTRACTORS
* 2553 FOR S-CORPS STATUS
* 3520A FOR FOREIGN TRUSTS WITH U.S. OWNER
* 1042T FOR LLCS & CORPORATIONS WITH FOREIGN CONTRACTORS
* 1065 & 1065B FOR LLCS
* 8804 FOR LLCS WITH FOREIGN PARTNERS