Tax Law and the Horse Industry: Part II, Proving Intent to Make a Profit

Other Posts in this Series Part I: Impact of the New Tax Law Part III: Incorporating Your Horse-Related Business Part IV: Proving Active Participation Part V: Taxation of Horse-Related Business Activities Under The New Tax Law Part VI: Deducting Horse-Related Business Expenses Part VII: Buying, Selling, and Trading Horses Part...

Tax Law and the Horse Industry: Part I, Impact of the New Tax Law

Other Posts in this Series Part II: Proving Intent to Make a Profit Part III: Incorporating Your Horse-Related Business Part IV: Proving Active Participation Part V: Taxation of Horse-Related Business Activities Under The New Tax Law Part VI: Deducting Horse-Related Business Expenses Part VII: Buying, Selling, and Trading Horses Part...

First Steps to Establishing Your New Business: Know Your Business Taxes!

Other Posts in this Series Choosing the Right Business Structure for You, Part I Choosing the Right Business Structure for You, Part II The Initial Paperwork Other Filings, Other States Management and Risk Your company is responsible for various types of business taxes, and if you don’t comply you could...

First Steps to Establishing Your New Business: Other Filings, Other States

Other Posts in this Series Choosing the Right Business Structure for You, Part I Choosing the Right Business Structure for You, Part II The Initial Paperwork Know Your Business Taxes Management and Risk Establishing a new business is more than just submitting some initial paperwork to register with the state....

First Steps to Establishing Your New Business: Choosing the Right Business Structure for You, Part II

Other Posts in this Series Choosing the Right Business Structure for You, Part I The Initial Paperwork Other Filings, Other States Know Your Business Taxes Management and Risk In Part I, we described four types of business structures: informally structured sole proprietorships and general partnerships, and two common corporate entities...

First Steps to Establishing Your New Business: Choosing the Right Business Structure for You, Part I

Other Posts in this Series Choosing the Right Business Structure for You, Part II The Initial Paperwork Other Filings, Other States Know Your Business Taxes Management and Risk Turning your business idea into reality can be exciting and gratifying. Before you get started, however, you need to decide how your...

$125,000 State Tax Problem Fixed by Correcting Previous Years’ Tax Returns

A Moskowitz LLP Success Story A business owner came to us after receiving a Franchise Tax Board (FTB) Notice. The Notice stated that the FTB was disallowing a $1,204,541 million corporate loan to shareholder, and consequently assessed $125,197 in additional state income taxes. There is a long history of IRS...