s-corp

If I rent part of my primary home to my S-corp under an accountable plan, does the Augusta Rule apply and how do I document it?

작성자:

Understanding the Augusta Rule for S-Corp Home Office Rentals The Augusta Rule allows homeowners to rent their primary residence for up to 14 days per year without paying federal income tax on the rental income. When applied to S-corporation arrangements, this tax strategy can provide significant benefits, but requires careful documentation and compliance with IRS … 더 읽기

If I rent part of my primary home to my S-corp under an accountable plan, does the Augusta Rule apply and how do I document it?

작성자:

Understanding the Augusta Rule for S-Corp Home Rentals The Augusta Rule offers a unique tax opportunity for business owners who rent part of their primary residence to their own S-corporation. This strategy can provide tax-free rental income while creating legitimate business deductions, but proper documentation and compliance with IRS regulations are essential. Understanding the specific … 더 읽기

How can I use an accountable plan to reimburse myself for home internet and phone through my S-corp without raising audit flags?

작성자:

Understanding S-Corp Accountable Plans for Home Office Expenses An accountable plan allows S-corporation owners to reimburse themselves for legitimate business expenses, including home internet and phone costs, without creating taxable income. When structured correctly, these reimbursements can provide significant tax benefits while maintaining compliance with IRS regulations and minimizing audit risk. The key to success … 더 읽기

Does a cash balance plan make sense for a high-income S-corp owner in their 50s, and how does it coordinate with a solo 401(k)?

작성자:

Understanding Cash Balance Plans for S-Corp Owners Cash balance plans represent one of the most powerful retirement savings tools available to high-income S-corp owners, particularly those in their 50s who need to accelerate retirement contributions. These defined benefit plans can allow annual contributions of $100,000 to $300,000 or more, significantly exceeding traditional 401(k) limits. However, … 더 읽기