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Example: S corporation has 2021 net income of $50,0000 and $100,000 in PPP loan forgiveness in 2021.My understanding is that the $100,000 is recorded on schedul...
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Thank you for your response. I read that several times before I posted my questions here.What I am caught up on (maybe for no reason) is whether Notice 2015-17 ...
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S corporation has two shareholders that each own 50%. There are two part-time employees.Both shareholders have individual health insurance plans. Due to the Aff...
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Follow up question.Can partnership take bonus depreciation on an asset bought in same year that the asset is distributed when the partnership terminates?I under...
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