S Corporations | Wallace, Plese + Dreher

Guidance on Schedules K-2 and K-3

Written March 2, 2022 by Barbara Dillon

Categories: 2021 Taxes, Compliance, IRS, S Corporations

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 Tax Credits for Qualifying Charitable Organizations

Written October 26, 2021 by Barbara Dillon

Categories: 2021 Arizona Charitable Tax Credits, 2021 Arizona Tax, 2021 Taxes, Arizona Charitable Tax Credits, Charitable contributions, Charitable organizations, S Corporations, state taxes, Tax planning

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.

Category: S Corporations