by Leif Jensen | Sep 29, 2025 | Taxes |
S corporation shareholders encounter particular restrictions on the amount of losses and deductions they are permitted to claim on their individual income tax returns. These constraints are primarily governed by the concept of basis, which represents a shareholder’s...
by Leif Jensen | Sep 24, 2025 | Running a Business |
For S corporation (S corp) owners who are actively involved in their business operations, paying themselves a “reasonable salary” for the work performed is a requirement. The Internal Revenue Service (IRS) defines this reasonable compensation as an amount...
by Leif Jensen | Sep 22, 2025 | Rant |
While in college a thousand years ago, I had a professor, who stated that if you could successfully get product distribution setup in Chicago, you could get your product distributed nationwide. I am uncertain if he was correct all those years ago, yet I was willing to...
by Leif Jensen | Sep 17, 2025 | Rant |
According to verbal reports given to me by my children Private Equity is removing single family homes, condo and apartment building from the purchase market to create a new class of forever renters. Apparently, they follow the teaching of Lex Luthor’s father in...
by Leif Jensen | Sep 15, 2025 | Running a Business |
Businesses save money primarily to ensure financial stability, manage unexpected costs, and support growth opportunities. Here are the key reasons why businesses save: Financial Cushion for Emergencies and Unexpected Costs Businesses face various uncertainties such as...
