S corporation Tag

The Ohio Ways and Means Committee held a hearing today on Senate Bill 186 which contains a proposed legislative clarification of the eligibility requirements for taking the Ohio small business deduction ("SBD").  At issue, was whether small businesses which engage a professional employer organization to handle their...

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For many years, the federal income tax laws have included tax incentives in one form or another to encourage US companies to sell goods overseas.  From 1971 to 1984, exporting companies were able to set-up and utilize a domestic international sales corporation (“DISC”) to reduce...

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Have an “S” Corporation?  Want to acquire a corporation and treat it as a subsidiary?  Want to avoid double taxation on the acquired corporation’s income?  Consider making a Qsub election. An “S” corporation can acquire and own the stock of a “C” corporation.  But having an...

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Certain Business Tax Provisions Retroactively Extended Recent legislation has retroactively extended the life of various business tax deductions including the qualified research credit, the work opportunity tax credit, the active duty differential wage credit, the new markets tax credit, enhanced charitable deduction for food donations, the...

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