S Corp Basis and Why You Should Track It

Shareholder basis reflects a shareholder’s post-tax economic investment in a corporation. Calculating correctly and in the proper order can be a challenge with a small business corporation (an S corporation), since items of income and loss pass through to the...

IRS Shares Resources for Small Business Owners

Last week, the IRS highlighted resources for small business owners and the self-employed in honor of National Small Business Week. A few of the showcased tools included an IRS e-newsletter with small business tax tips, an online Small Business and Self-Employed Tax...