| Learning Library Quick Answers Tax Planning |
Scenario: A client has a small business (Sole Proprietor, S-Corp, single member LLC, Partnership) that generates a loss.That loss....
Question: If a client owns a LLC for rental properties and the client loans the corporation personal cash assets, are those cash a....
Scenario: If not, please describe a scenario when 529's are taxed. Answer: See IRS Publication 970. This gives a good example and ....
Scenario:Are SEP contributions, by the employer to the account listed on Worksheet B, payments to tax-deferred or sheltered pensio....
Answer: They are received for different purposes, but they are reported the same (on SSA-1099) and treated the same for tax and fi....