Business Tax Issues

Practical discussion of business tax planning, compliance, and emerging issues.

QBID Calculator updated for 2019

QBID Calculator updated for 2019 Please note: the QBID Calculator is no longer active on the Tax School website. Still confused about qualified business income deduction (QBID)? Not sure how to…

Farm Tax Strategies and Issues Post-TCJA

Farm Tax Strategies and Issues Post-TCJA From prevented planting and the market facilitation program to charitable contributions of grain and livestock, there are a wide variety of unique issues that…

Extension Deadline: S Corp, Partnership, and Trust/Estate

Extension Deadline: S Corp, Partnership, and Trust/Estate Will I See You in September? (So sayeth your S Corp, Partnership, and Trust/Estate extension clients) Believe it or not, September 15 is…

Self-employed health insurance deduction

Self-employed health insurance deduction It seems like we’re getting a lot of questions both at our live seminars and via our Facebook group regarding the self-employed health insurance deduction. So, this…

Uh-Oh, I Forgot to File (or Filed Late) My Partnership or Subchapter S Corporation Return!

Uh-Oh, I Forgot to File (or Filed Late) My Partnership or Subchapter S Corporation Return! The IRS late filing penalties start the first day after the return is due. So…

Clearing up QBID Confusion

Clearing up QBID Confusion Confused by the qualified business income deduction (QBID)? Well, if you weren’t confused enough already, there is another potential minefield that you may want to try…