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Posted Wednesday, February 12, 2025
Table Of Contents
LLC and S Corp KB
- Educational Assistance with an S-Corp - Section 127
- Putting Your Kids on the Payroll
- Core Competencies
- Small Business Retirement Planning Recap
- Expatriates or Expat Tax Deferral Planning
- Roth 401k Versus Traditional 401k Considerations
- Owner Only 401k Plans in MMLLC Environment
- SEP IRA, Roth IRAs and the Roth Conversion
- You Own the Automobile, Get Reimbursed By The Mile
- SEP IRA
- SIMPLE 401k
- Turbo Charged 401k Plans
- Two 401k Plans
- Roth 401k Plans
- 401k Plan Safe Harbor Provision
- The Owners-Only 401k Plan
- Tax Savings and Deferrals
- Retirement Planning Within Your Small Business
- Home Office Deduction
- Quick Reference 2025
- Distributions in Excess of Shareholder Basis
- Deducting Losses, Trapped Cash
- State Business Taxes (Not Just Income Taxes)
- Other W-2 Income
- SEP IRA Limitations
- Additional Payroll Taxes
- Additional Accounting Costs
- Chapter 4 Introduction
- Rental Partnerships
- Using a Self-Directed IRA to Buy a Rental, Start A Business
- Charging Orders
- Liability Protection Fallacy of an LLC
- Exit Plans, Business Succession
- Operating Agreements
- Using a Trust in Your Formation Considerations
- Loans or Capital Injections
- Medical C Corp
- Electing S-Corp Filing Status, Retroactive for 2025
- Structuring Deals with Angel Investors
- Economic versus Equity Interests
- California Multi-Member LLC S Corp Twist
- Things to Work Through with Multiple Entities
- Family Partners
- Your Spouse as a Partner (Happy Happy Joy Joy)
- Nevada Fallacy of an LLC (or Delaware or Wyoming!)
- Formation of an LLC or S Corp
- S Corporations
- C Corporations
- Partnerships
- Multi-Member Limited Liability Company
- Single Member Limited Liability Company
- Sole Proprietorship
- Basic Business Entities
- C Corp to S Corp Problems
- Adding Your Spouse to Payroll
- Other Tricks of the Trade with S Corps
- Book Introduction
- Shameless Self-Promotion
- Introduction Disclaimer
- Accountable Plan Expense Reimbursements
- Section 179 and Bonus Depreciation
- Business Owned Automobile
- Progressive Updates
- Processing S Corp Payroll
- About the Author
- Life Cycle of an S Corporation
- 5 Year Rule
- Distributed Assets
- Terminating S Corp Election
- Small Business Tax Deductions Themes
- S Corp Equity Section
- Depreciation
- Nuts and Bolts of the S Corp Election
- Mid-Year Payroll
- Missing Payroll, Now What
- Another Option, Dormant S Corp
- Three Types of Income
- Officer Compensation with Solo 401k Plan Deferral
- Trapped Assets
- Physical and Economic Presence, Nexus Attached
- Take Money Out of the S Corp
- Additional S Corp Salary Considerations
- Avoiding or Reducing Self-Employment SE Taxes
- New S Corp Puppy, What Do I Do Now
- Costs of Operating an S Corp
- Ineffective S Corp Elections
- Pure LLC Holding Company
- Minimum Payroll with December Bonus
- C Corporation as Mothership
- Being Considered a Passive Business Owner
- Spousal Attribution and Controlled Groups
- Having Staff with a Solo 401k Plan
- Final Words
- Expectations of Our Clients
- No BS
- Consultative Approach
- More About WCG
- WCG Fee Structure
- Exotic Stuff
- Non-Qualified Deferred Compensation Plan
- Controlled Groups
- 401k Loans and Life Insurance
- 401k Plans and Roth IRA Conversions
- Rolling Old 401k Plans or IRAs into Your Small Business 401k Plan
- Company-Sponsored 401k Plan
- Self-Directed 401k Plans
- Using a 401k in Your Small Business Retirement Options
- Retirement Questions to Ask
- Self Employed Retirement Plan Basics
- Business Tax Return Preparation
- Reducing Taxes
- Comingling of Money
- Summary of Small Business Tax Deductions
- Capital Leases versus Operating Leases
- Cohan Rule
- Deducting Business Meals
- Business Travel Deduction
- Tax Home
- Tax-Free Rental of Your Home
- Automobile Decision Tree
- You Own the Automobile, Lease Back to Your Company
- You Own the Automobile, Take Mileage Deduction
- Sutter Rule
- Chapter 9 Introduction
- Chap 10 - Comingling of Money
- Tracking Fringe Benefits
- Minimize Tax or Maximize Value (Economic Benefit)
- Distributions in Excess of Basis
- S Corp Tax Return Preparation
- Accountable Plan Requirements
- Reclassify Shareholder Distributions
- Taking Shareholder Distributions
- Automobiles and LLCs, S Corps
- Deductions the IRS Cannot Stand
- Value of a Business Tax Deduction
- 185 Business Deductions You Cannot Take
- Section 199A Deductions – Pass Through Tax Breaks
- Four Basics to Warm Up To
- Chapter 11 Introduction
- Accounting Method
- Reasonable Salary Labor Data
- Assembled Workforce or Developed Process Effect
- Risk Analysis to Reasonable Shareholder Salary
- Tax Court Cases for Reasonable Salary
- IRS Revenue Rulings and Fact Sheet 2008-25
- Reasonable S Corp Salary Theory
- IRS S Corp Stats
- Reasonable Salary Recap
- S Corp Salary Starting Point
- W-2 Converted to 1099 Reasonable Salary
- RCReports
- Multiple Shareholders Payroll Split
- Trade or Business of Performing Services as an Employee
- Specified Service Trade or Business (SSTB) Definitions
- Section 199A Frequently Asked Questions
- Additional Section 199A Reporting on K-1
- Section 199A W-2 Safe Harbors
- Aggregation of Multiple Businesses
- Qualified Property Anti-Abuse
- Negative Qualified Business Income
- Section 199A Rental Property Deduction
- Cost of Increasing Shareholder Salary
- Section 199A Pass-Thru Salary Optimization
- Section 199A Reasonable Compensation
- Section 199A Deduction Decision Tree
- Services or Property Provided to an SSTB
- Section 199A Defining Terms
- Calculating the Qualified Business Income Deduction
- Section 199A S Corp Considerations
- Formation (Election) of an S-Corp
- Distributing Profits, Multiple Owners
- Growing Business, Debt Service
- Recap of S Corp Downsides
- Going Concern
- Payroll Taxes on Children
- Bad Loans to the S Corp
- Vesting and Expanding Ownership
- Stock Classes
- Social Security Basis
- Being a Passive Business Owner
- Ancillary Benefits with S Corporations
- Net Investment Income, Medicare Surtax and S Corps
- W-2 Converted to 1099
- S Corp Hard Money Facts, Net Savings
- Tax Savings with Health Insurance
- Joint Ventures
- Fleischer Tax Court Case
- ESOPs and S Corporations
- Holding Company versus Management Company
- State Apportionment with Multiple Entities
- Multi-Member LLC That Issues Invoices
- Recap of Benefits with Multiple Entities
- Personal Service Corporation
- Parent-Child Arrangement (Income Flows "Down")
- Real Estate Holding Company and Operating Company
- LLC Popularity (Hype)
- S Corp Versus LLC
- Section 199A Qualified Business Income Tax Deduction
- Professional Corporations and LLCs
- Quick Reference 2024
- Quick Reference 2023
- Section 199A Actual Tax Returns Comparison
- Section 199A Recap
- Section 199A Phaseout
- Section 199A Specified Service Business Comparison Part 2
- Section 199A Specified Service Business Comparison Part 1
- Section 199A 250k Comparison
- Section 199A 200k Comparison
- Section 199A Health Insurance Comparison
- Section 199A Basic Comparisons
- Section 199A Side by Side Comparisons
- S Corp Section 199A Deduction Examples
- Recap of State Tax Issues
- FBA, Drop Shipments, Trailing Nexus Revisited
- Allocation and Throwback
- Costs of Performance, Market-Based Approach
- Services and Tangible Personal Property (TPP)
- Wayfair Case Part 2
- Sales and Use Tax, Income Tax
- Constitutional and Legislative Standards
- Nexus Theory
- Wayfair Case Part 1
- Chapter 5 Disclaimer
- Chapter 5 Intro
- Shareholder Distributions as Reimbursements
- 1099-NEC Issued to Your SSN
- Chapter 10 Introduction
- Another Employee Ownership Situation
- Parent-Child Arrangement (Income Flows "Up")
- Recap of S-Corps
- Audit Rates and Risks with an S-Corp
- 1099 Income as Other Income, No Self-Employment (SE) Taxes
- Exit Plans, Succession
- Rental Losses with an S-Corp
- Rentals Owned by an LLC Fallacy
- Buy-Sell Agreements
- Debt Service
- Deal Structure
- Purchase Price Allocation
- Business Valuation Techniques
- State Tax Issues and Nexus
- Health Care Summary
- Multiple Employees
- Sole Proprietors and Single Member LLCs
- One Person Show or Husband-Wife Team, S Corporation
- Long-Term Care
- Health Savings Accounts (HSAs)
- Section 125 Cafeteria Plans and Flex Spending (FSA)
- Section 105 Health Reimbursement Arrangement (HRA)
- Disclosure and Updates
- Gaming the HSA System
- W-2 or 1099-MISC That Is The Question
- Converting Employees to Contractors and Anti-Abuse
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