Material Participation Standard is the Key to Unlocking LLC Tax Losses

Many privately held businesses have incurred losses during the COVID-19 pandemic. Unfortunately, the federal income tax passive activity loss (PAL) rules can limit an owner's ability to currently deduct tax losses thrown off by passive Read More


Kirsch CPA Group

May 27, 2021

How S Corporations Can Save on Federal Employment Taxes

If you own an unincorporated small business, you may be getting fed up with high self-employment (SE) tax bills. One way to lower your SE tax liability is to convert your business to an S Read More


Pete Abner

Feb 06, 2017