
S Corporations and Fringe Benefits
The IRS has special rules when it comes to S corporations. The fringe benefit situation is especially detailed, and can be expensive to ignore it.
The IRS has special rules when it comes to S corporations. The fringe benefit situation is especially detailed, and can be expensive to ignore it.
The IRS provided further details on additional transition relief for certain domestic partnerships and S corporations preparing the new schedules K-2 and K-3 to further ease the change to these new schedules.
Arizona offers many opportunities to claim tax credits for Qualifying Charitable Organizations, including Foster Care tax credits on Arizona personal income tax. Also, there are credits for donating to public schools and Certified School Tuition Organizations.