Attaining S corporation status has certain tax advantages. S corporations are treated as pass-through entities for tax purposes and the protection of shareholder assets. However, the relief acts passed in response to the COVID-19 pandemic revealed some potential problems with how income passed to individual shareholders is taxed. Two of the most relevant issues are […]
Month: July 2021
Reporting Requirements for Health Care Providers That Received Pandemic Relief
For health care providers operating in the middle of a pandemic, profit often takes a backseat to saving lives. That’s why many providers have taken money from Uncle Sam in the past year. Some programs intended to help providers get by include Provider Relief Fund General Distributions, Targeted Distributions, Skilled Nursing Facility Infection Control Distributions […]