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  1. Alfred Giovetti
    Alfred Giovetti

    Giovetti & Giovetti, CPAs
    Catonsville, MD

    468 Points

  2. Peggy Johnson
    Peggy Johnson

    Peggy Johnson CPA, P.C.

    200 Points

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    Michael Jacobson

    Custom Tax Service

    192 Points

  4. William Delaney
    William Delaney

    Westwood, MA

    184 Points

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    Walter Gowens

    Prudential Vanguard
    New York, NY

    152 Points

Recent Shared Resources

Individual Estimated Tax Payments

Posted in: Client Letters

Upcoming Events

  1. OSA - TaxSpeaker Business Tax In Depth

    State Seminars and Meetings

    Sep 16 - 17
    Oklahoma City, OK, United States
  2. MSATP - Advanced LLCs & Partnerships

    State Seminars and Meetings

    Sep 17, 8:00 AM - 4:15 PM (ET)
    Pikesville
  3. MAPA - Gear Up Business Entities

    State Seminars and Meetings

    Sep 17 - 18
    Bloomington
  4. PASC - Corporations, Partnerships & LLC’s-Colorado Springs

    State Seminars and Meetings

    Sep 17 - 18
    Colorado Springs
  5. PAAK - 67th Annual Convention

    State Seminars and Meetings

    Sep 17 - 20
    Hutchinson, KS, United States

Latest Discussions

  • Jon Bell

    RE: Assumption of Liabilities S-corp conversion

    Posted in: Tax Talk

    In the end both choices we are discussing as options to avoid taxation of the assumption of debt by the s-corp boils down to booking the offset to shareholder distributions and/or shareholder wages.

  • photo not available

    RE: Hiring a child

    Posted in: Tax Talk

    Correct. My answer says child(ren) of the owner. I should have put a "(s)" on owner.

  • Jon Bell

    RE: Assumption of Liabilities S-corp conversion

    Posted in: Tax Talk

    Peggy, I value your feedback and want to thank you for your thoughts. The shareholder would not be happy having to pay tax on the assumption of liabilities in excess of basis by the s-corp. The credit card debt was carried on the books of the...

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