Category Archives: 1120 S Corporation Taxes

Like Kind Exchanges

Posted on March 12, 2011 by William A Olson, CPA

I have prepared a few tax returns this year (2010) where the owners of a partnership have taken advantage of the like kind exchange rules to defer recognizing a gain on the sale of real property.  This kind of transaction … Continue reading →

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Tax Preparer | Leave a comment

S Corporation vs. LLC

Posted on February 18, 2011 by William A Olson, CPA

Here’s a great article that explains the difference between S corporations and LLCs.  Please contact my office if you have any questions related to this topic. http://www.powerhomebiz.com/vol136/structure.htm IRS CIRCULAR 230 DISCLOSURE REQUIREMENT:  IRS Circular 230 requires us to notify you … Continue reading →

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes | Leave a comment

How to find the right tax preparer from Consumer Reports

Posted on February 16, 2011 by William A Olson, CPA

http://blogs.consumerreports.org/money/2011/02/track-down-best-tax-preparer-cpa-enrolled-agent-irs-ptin-number-accountant-form-1040-.html

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Tax Preparer | Leave a comment

Why it’s worth it to hire a tax preparer

Posted on February 13, 2011 by William A Olson, CPA

From the Wall Street Journal… http://online.wsj.com/article/SB10001424052748703843004576140781360491222.html?mod=sf2tw

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Tax Preparer | Leave a comment