회계 세무 공부112 [REG] Professional Responsibilities Authority to PracticeTreasury Department Circular230 is the IRS publication entitled: Regulations governing practice before the Internal Revenue Service- Rules governing the Authority to practice before the IRS- Duties and restrictions relating to practice before IRS- Sanctions for violation of the regulations- Rules applicable to disciplinary hearings Practice- communicating with the IRS for a .. 2024. 7. 12. [REG] Nexus, state income tax considerations Nexus- typically caused by a company having property, payroll, and sales within a state- Determined by the specific laws of each state- federal laws offer some protection to companies regarding state taxationtrigger - owning/leasing tangible personal or real property- sending employees into the state for training or work- soliciting sales in a state- providing installation, maintenance, etc., to.. 2024. 7. 12. [REG] Limited Liability Companies LLC is a hybrid. it has some traits of a corporation and some of a partnership.- separate legal entity from its owners(members)- LLC members are not personally liable for the obligations of the business * Limited partnership, one or more general partner has unlimited personal liability for partnership debts and obligations- Tax purpose: two or more owners > partnership, unless election to C cor.. 2024. 7. 11. [REG] Partnership Taxable year Required tax year The same tax year of more than 50% of partners Optional tax year 1)Valid business purpose (natural business year) : for the last 3 consecutive years, gross receipts of the last 2months are at least 25% of annual gross receipts 2) Up to 3 months deferral (9/30, 10/31, 11/30 if required tax year is 12/31) Due date - March 15th, Form 1065 - Extension separate form sho.. 2024. 7. 11. [REG] Corporate Tax payments, NOL, capital loss Estimated payments, Credits- Filing: U.S Corporation income tax return, F1120, 15th fourth month after the close- Extension of six months: F7004 Estimated payments of Corporate Tax- 15th of fourth, sixth, ninth, 12th months individualcorporate IndividualCorpThreshold(other than large corp)1) 90% of current year tax or2) 100% of last year tax TI never >1M, 3 tax years1) 100% of current year tax o.. 2024. 7. 9. [REG] Depreciation(MACRS, sec179, bonus depre), Amortization Modified Accelerated Cost Recovery System (MACRS)- greater depreciation expense upfront- No Salvage value Personal Property3yrs200% declining Balance M 5yrs200% declining Balance Mautomobiles, light trucks, computers, copiers7yrs200% declining Balance Mfurniture, fixtures, machinery, equipment10yrs200% declining Balance MBoat, transportation equipment15yrs150% declining Balance Mqualified improv.. 2024. 7. 4. [REG] Sch C (Sole proprietorship) Profit from Business income 분석 Part 1. IncomeGross receipts or sales- Returns and allowances- Cost of goods sold = Gross profit+ federal/ state gasoline tax credit or refund Part 2. ExpenseAdvertisingcar and truck expensescommissions and feescontractor laborDepletionDepreciation and sec 179 exp(Qualified real property improvement)Employee benefit programsinsurance(other than health)interest+mortgage(paid to banks)legal and p.. 2024. 6. 28. [REG] Schedule 1. Additional income and adjustment to income Part1. Additional Income1. Taxable refund2. Alimony received3. Business income/loss Sch C4. Other gains or losses 4797(Sales of Business Property)5. Rental real estate, royalties, partnerships, S corporations, trust, Sch E6. Farm income Sch F7. Unemployment compensation8. Other incomea. Net operating lossb. Gamblingc. cancellation of debtd. foreign earned incomeh. jury duty payi. prizes and awar.. 2024. 6. 28. [REG] Passive activity(sec.469), Sch E ActivityTaxable ActivityNon-passiveSch C/FIncome(Rev>Exp)taxable incomeLoss(Revdeductible lossPassiveSch ETaxable IncomeXnon-deductible lossNon-taxable Activitynon-taxable incomenondeductible expPassive activity (Sch E)1. Definition 1) Not materially participated(managed) in S corp & Partnership's biz operation(work 500h/Y ↑) 2) Any rental activity 2. Loss from passive activity > offset passiv.. 2024. 6. 26. 이전 1 2 3 4 5 6 7 ··· 13 다음 반응형
