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What is the name of your state? IL
An S-corp has two equal shareholders that are husband and wife. They operate the business office from their home. Are the proportionate household expenses deducted as an expense on the 1120S or on their personal?What is the name of your state?
What is the name of your state? IL
Are charitable contributions allowed on an 1120S? I was told that the contributions had to be reported by the shareholders on their personal returns. This doesn't make sense since the contributions are an expense of the corporation. Please advise.What is the...
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