eHow launches Android app: Get the best of eHow on the go.

Sub Chapter S Corporation Tax Tips

Video Preview
From Quick Guide: Chapter 15 Bankruptcy Insight

Summary: Online tax help for businesses. Learn about Sub Chapter S corporation taxes in this free video clip about small business tax tips.

Views:
2,587
Presenter
By Tom Choisnet
eHow Presenter

Tom Choisnet was born, raised, and educated in San Bernardino, California where he has his practice today. He has been in self-employed tax practice for over 40 years and he has been...read more

Click Here

Post a Comment

Post a Comment

Video Transcript

"Hi, I'm Tom Choisnet, enrolled agent. I'm continuing now about real property taxes. I separated this out because I wanted to bring focus to taxes on property that you may overlook. One thing comes to mind, the Time Share that many of us have. Parts of those annual fees that you pay do go to property taxes and they are deductible. Also, if you happen to have taxes paid on real property out of state, those are deductible. As well of course if your personal residence. The taxes on your rentals are going to be over onto schedule E, so they are separate. A little tip about real property taxes, if you can't deduct the real property taxes because you are not an itemized deduction person, can be capitalized when the properties sold. So remember that and keep track of all the property taxes that you pay. Hope I've helped you a little bit; this is Tom Choisnet, thank you."

eHow Article: Sub Chapter S Corporation Tax Tips

Related Ads

  • Have you done this? Click here to let us know.
Personal Finance
Mark P Cussen, CFP, CMFC,

Meet Mark P Cussen, CFP, CMFC eHow's Personal Finance Expert.

Get Free Personal Finance Newsletters

Copyright © 1999-2009 eHow, Inc. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy Policy.   en-US Portions of this page are modifications based on work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.

eHow Personal Finance
eHow_eHow Business and Finance