Taxes

RE: Five Tax Filing Mistakes To Avoid

bocaslife — Sat, 12 Apr 2008 00:19:55 GMT

great advice!
Thank you

RE: Changing to the Type of Entity That's Right for You

Riverside — Thu, 03 Apr 2008 12:40:56 GMT

Entity selection is more important than many people think. This is a good article to get people thinking about the decision, instead of just forming the entity de jour (LLC, right now).

I will say this for the LLC as an entity - if you find yourself in an LLC that doesn't fit, it is generally painless to convert it to something else. A corporation, on the other hand, may cost some tax dollars to convert into an LLC. If the decision is iffy, I say go with the LLC and make a change if need be.

Also, please, please, unless there is a VERY good reason not to own it under a different structure, never own real estate in a corporation (C or S) or any entity which is taxed like a corporation (such as an LLC which has elected to be taxed as a corp or S corp). I won't go into the messes this creates, but a reputable tax attorney or CPA can certainly guide you through this mine-field.

RE: Five Tax Filing Mistakes To Avoid

Bluesuit — Wed, 26 Mar 2008 12:46:32 GMT

Excellent tax tips, especially the deduction section.

RE: Five Tax Filing Mistakes To Avoid

BDS INC — Tue, 25 Mar 2008 12:55:58 GMT

All excellent points Barbara. Thanks as always for sound advice

RE: Changing to the Type of Entity That's Right for You

BOASBIZ — Fri, 22 Feb 2008 22:37:26 GMT

A very insightful and powerful piece. I'm already in this situation.This will go a long way to help me out of this unpleasant situation.

RE: Changing to the Type of Entity That's Right for You

clnshirtz — Fri, 22 Feb 2008 19:41:22 GMT

I agree. We almost made that mistake

RE: Commonly Missed Deductions

akgold — Tue, 19 Feb 2008 18:53:05 GMT

I agree, this is a good article that provides a quick check list. This was a helpful article that is clearly and well written.

RE: 2007 Small Business Tax Changes

Ed O'Gee — Tue, 19 Feb 2008 16:33:31 GMT

Thanks, it is always good to keep up to date with tax updates, let's just make sure my accountant has all this information

RE: Changing to the Type of Entity That's Right for You

Ed O'Gee — Tue, 19 Feb 2008 15:28:04 GMT

sound advice, many small business owners make the mistake of jumping right into an LLC because business and personal taxes are filed together. There are advantages to C and S corps as well.

RE: What To Do With Your Refund?

BDS INC — Tue, 19 Feb 2008 01:22:52 GMT

good article