Can S corp buy back shares?
Also known as a stock redemption, stock repurchase allows an S corporation to regain control over shares surrendered by a shareholder. The S corporation m...
Published: Apr 26, 2026
Why does grad school kill so many marriages?
One big cause of disrupted marriages is the partner (often female) feeling they are working to put so-and-so “through graduate school.” Naturally, there i...
Published: Apr 26, 2026
Can only one person claim a house on taxes?
A general rule of thumb is the person paying the expense gets to take the deduction. In your situation, each of you can only claim the interest that you a...
Published: Apr 26, 2026
Can you write off RV travel trailer?
Yes, your RV can be a tax write-off, no matter how long you’ve owned it. New and used RVs are both eligible for tax deductions in many states. If your RV ...
Published: Apr 26, 2026
Can I move to Canada as a business owner?
Not all business owners can move their companies to Canada and to do so you must comply with the following requirements: A company in your country must be...
Published: Apr 26, 2026
How do I report a short sale on Schedule D?
How to Report Stock Short Sales to the IRS Review the Form 1099-B from your short sale. List the completed short sale on your Schedule D. Complete your Sc...
Published: Apr 26, 2026
How do I get a tax transcript from S Corp?
To order a transcript online and have it delivered by mail, go to IRS.gov and use the Get Transcript tool. To order by phone, call 800-908-9946 and follow...
Published: Apr 26, 2026
Can I do my own 1065?
All other partnerships, however, may choose to voluntarily file their Form 1065, US Return of Partnership Income, electronically regardless of the number ...
Published: Apr 26, 2026
Can a trust be filed on a fiscal year?
Generally, estates have the ability to elect a fiscal year end or a calendar year end, whereas trusts default to a calendar year end. If you elect §645, i...
Published: Apr 26, 2026
What is a bonafide resident of Puerto Rico?
An individual is considered to be a bona fide resident of Puerto Rico if three tests are met. The individual must be present for at least 183 days during ...
Published: Apr 26, 2026
