tax breaks puzzle

June 28, 2016

New and Expanded Income Tax Credits for 2016

From credits for electric vehicles, to education deductions and employer credits, there are many changes in 2016. So make sure you and your clients keep up-to-date on these tax breaks.

In this series of articles, our resident tax expert, Ken Berry, J.D., explores new and expanded tax breaks. From credits for electric vehicles, to education deductions and employer credits, there are many changes in 2016. So make sure you and your clients keep up-to-date on these tax breaks.

 

More articles coming soon!

 

 

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Tags: Income Taxes

Tax Court Rules No Tax-Free Pass on S Corp Income

Taxes December 6, 2025 

Tax Court Rules No Tax-Free Pass on S Corp Income

With an S corporation, the owners are of the business essentially taxed like partners in a partnership. In contrast, C corporation owners must cope with “double taxation” where income is first taxable to the corporation and then distributions are taxed to the owners.

Ken Berry, JD

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