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If you have a consulting firm with non-SSTB activities, I would like to know your advice or your experience about using the crack-and-pack strategy.
My clients are consultants in a professional services field. But I know that they do technical inspection and monitoring that does not lead to reports or consultation. Before I ask them to determine the income from each of these two separate activities, I'm researching this strategy.
thanks
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Thank you.
The S Corp for 2024 has already been prepared and filed. Is it possible to change the allocation of income and wages on the shareholder's 1040?
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No, and since Section 199A might be repealed or amended this year, I wouldn't spend much time planning for it until seeing the new rules.
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I am allowed to amend the 2024 tax return
For 2025, thanks for the tip.
