When it comes to paying employees and officers, S corporations work a lot like C corporations. Staff expenses are a legitimate business deduction ... S corporation to buy medical coverage in ...

The second story of the residence was used solely for the corporation’s business. Ng used it as a workspace to perform administrative tasks for the corporation and to complete continuing education ...

S-corporation owners may deduct home-office costs by reimbursing through the company. To benefit, expenses must be documented ... three features of a balance sheet. Here's how to determine each ...

Rent your home to your S Corporation and get tax-free income ... When he files his personal tax return he reports the expense under Medical Deductions on Schedule A: Itemized Deductions.

Deductions, also sometimes called tax write-offs, are eligible expenses ... if it's a partnership) or a C Corp, you may have a different tax-filing checklist. If you bought medical insurance ...

A district court granted summary judgment denying an attorney’s claim for reimbursement of assessed taxes, penalties, and fees because he was not entitled to the disallowed deductions ... corporation.

Tax preparers of IRS Form 1120S for a subchapter S corporation ... deductions entered in the books but not entered on the tax return on Line 3. These additions might include any depreciation ...

Update: The tax package, including the permanent break on the deductibility of out-of-pocket medical expenses, was signed into law on December 27. Got high medical expenses in a low-income year?

The total of your qualified medical and dental expenses must exceed 10% of your AGI to claim a deduction. There's one exception which we'll discuss in the next section. 2) Temporary Exception to ...