Corporations

Plan Ahead: New 1099 rules

by Emil Estafanous
August 13, 2010

The new health insurance legislation imposes significant new tax reporting requirements. In essence, you will have to report most annual payments for goods and services exceeding $600 — including payments to corporations — on Form… Read More »Plan Ahead: New 1099 rules

Corporations

by Emil Estafanous
October 27, 2009

In forming a corporation, prospective shareholders exchange money, property, or both, for the corporation’s capital stock. A corporation generally takes the same deductions as a sole proprietorship to figure its taxable income. A corporation can… Read More »Corporations