Resource Hub

Business Tax Strategy

S-Corp elections, entity planning, and tax strategy guides for small business owners, founders, and self-employed individuals.

Filing & Deadlines

Late S-Corp Election Relief: When Form 2553 Can Still Be Fixed Missed the S-corp deadline? Late election relief may still be available if the business intended S-corp treatment, reported consistently, and fixes the filing before the IRS relief window closes.

Entity & Structure

Partnership Basis, Allocations, and Capital Accounts How outside basis works in a partnership, what capital accounts track, how special allocations are validated, what guaranteed payments are, and how phantom income can catch partners off guard.

S-Corp Basis, Ownership Rules, and Shareholder Loans Who can own S-corp stock, how stock and loan basis work, what limits loss deductions, and why shareholder loans need to be structured correctly to create basis.

S-Corp vs. Partnership: Choosing the Right Pass-Through Structure How S-corps and partnerships compare on flexibility, self-employment tax, ownership rules, and economics — and how to decide which structure fits your situation.

Best Entity Structure for Ecommerce Sellers: Schedule C, LLC, or S-Corp Shopify, Amazon, Etsy, Walmart Marketplace, and other ecommerce sellers usually end up choosing between Schedule C, an LLC, and S-Corp treatment. The right structure depends on profit, risk, bookkeeping quality, and growth plans.

S-Corporation Election: When It Makes Sense (and When It Doesn't) Learn when an S-Corp election saves taxes and when it costs more. Covers the savings calculation, reasonable salary rules, and who should avoid electing.

Deductions & Credits

Schedule C Deductions: What Sole Proprietors and Single-Member LLCs Can Write Off A practical guide to deductible business expenses on Schedule C, including home office, vehicle, contractor costs, self-employment tax, and the QBI deduction for sole proprietors.

Compliance & Reporting

Form 1099-K for Ecommerce Sellers: Why Gross Payments Are Not Your Taxable Income Form 1099-K reports gross payments, not profit. Ecommerce sellers have to reconcile platform payouts, fees, refunds, shipping, and inventory before the tax return shows the right income.

S-Corp Owner Health Insurance, Accountable Plans, and Payroll Cleanup S-corp owners often miss tax savings because health insurance, reimbursements, and payroll were handled casually. The fix is usually not a new entity. It is getting the owner-compensation mechanics right.

Wrong Form 1099-K After an LLC or S-Corp Change Changed entities and still got a 1099-K under the old tax ID? This mismatch is common after a move from Schedule C to an LLC or S-corp and can create avoidable notice risk if it is not cleaned up.

Planning Strategies

C-Corporation Tax Planning: Double Taxation, Retained Earnings, and Owner Compensation How C-corps are taxed at the entity and shareholder level, when retaining earnings at the 21% corporate rate makes sense, how to manage owner compensation versus dividends, and what exit planning looks like.

S-Corp Reasonable Salary: How to Set It Without Triggering Problems S-Corp owners need a reasonable salary before taking distributions, but the IRS does not use a magic percentage. The right number depends on role, time, comparables, and where the company's gross receipts really come from.

Have questions? We can help.

← Back to Resource Hub