IRS Archives - Geminitax

Using Personal Credit Cards in an S Corporation and the Impact on Shareholder Basis

Using a personal credit card to pay for S corporation expenses is a nuanced topic that can affect shareholder basis […]

In a recent case before the Eleventh Circuit Court of Appeals, a taxpayer was denied an alimony deduction after the

If you’ve been using Venmo, Cash App, or PayPal to receive payments for goods or services, it’s important to know

Facing an IRS audit can be a daunting experience for any business. Understanding the common triggers and implementing strategies to

These days, there are several phrases that can be used to mean self-employment, terms such as: “gig worker”, “working for

Rather than being a normal employee, gigworkers for ridesharing services like Uber and Lyft, and other types of gig jobs,

As a small business owner, you qualify for a significant tax break known as the Qualified Business Income Deduction (QBID).

Rental income is as diverse as it is lucrative. For many, owning and renting out property is a key investment

You’ve got an S corporation or maybe an LLC taxed as an S corp, right? Well, you need to get

As we enter the peak of tax season it’s essential for all employers to stay ahead of the game. The