Monthly Archives: August 2010

S Corp Shareholder Sells – Short Year Accounting

Taxpayer decided to sell his stock in the company, as opposed to an asset sale.  This means the buyer has the responsibility to prepare the corporate tax return.  Taxpayer has agreed to do an accounting of the year up to … Continue reading

Posted in Income Tax, LLC's, Sub S Corporations | 1,506 Comments

Pools & Hot Tubs Deduction

There is a great deal of mis-conception about the deductibility of Hot Tubs & Pools.  First, you must have a doctor’s prescription.  Second, how much did it really cost you?  The theory is the Pool or Hot Tub has added … Continue reading

Posted in General, Income Tax, Newsletter Topics | 105 Comments