Month: August 2012

Education tax benefits can offset college costs

Education tax benefits can offset college costs Planning your college course schedule is important — and so is planning for the tax benefits available to help offset the expense of paying for those courses. For 2012, federal education tax benefits…

S corporation losses have deduction limits

S corporation losses have deduction limits Are you expecting losses in your S corporation this year? You already know S corporation losses are reported on the business tax return on Schedule K-1 of Form 1120S, and from there flow to…