Loan

Leasing Property to Your C Corp

March 20th, 2018|Categories: Accounting, Burns Firm, Business, C Corporation, Merger & Acquisition, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: Accounting, Assets, business, C corp, C Corporation, deductions, Leasing property to C corp, Loan, Property, tax, tax preparation, tax return, The Burns Firm|

It's generally not a good idea for a closely held C corporation to own assets with high appreciation potential. A classic example is real estate. If your corporation owns property, [...]

IRS Approved Family Loan

March 6th, 2018|Categories: Accounting, Burns Firm, Business, Partnership, S Corporation, Services, Tax, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: Accounting, Assets, deductions, family, Family Loan, IRS, Loan, tax, tax preparation, tax return, The Burns Firm|

Today's relatively low-interest-rate environment makes it easy to loan money to family members on favorable terms with full IRS approval. Here's a rundown of what the law covers and why [...]