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Commonly Asked Idaho S Corporation Questions

Is an Idaho S Corporation High-Earner Preferred? Yes. As long as a reasonable wage has been met first, all other profits from an Idaho S-Corporation can be disbursed to owners/shareholders as ordinary income. In addition, salaries paid to an owner of an Idaho...

Coeur d’Alene S Corporation Questions

Is a Coeur d’Alene S Corporation Considered a Disregarded Entity? Yes.  Since a Coeur d’Alene S-Corporation passes-through its profits directly to the owners/shareholders, it is considered a disregarded entity. A disregarded entity refers to a pass-through business...

Idaho State Employee vs. Independent Contractor

On the off chance that you are thinking about whether your Idaho business should enlist full-time Idaho employee or utilize an Independent Contractor, don’t wrongly think they are a similar thing. Employee and Contractual workers are not alike in the state and...

What is Bonus Depreciation?

Idaho Business Depreciation Defined Idaho Depreciation is a process of deducting the cost of something expensive you bought for your Idaho business. But instead of doing it all in one tax year, you write off parts of it over time. When you depreciate assets, you can...

MOST ASKED IDAHO LLC QUESTIONS

Can an Idaho LLC Own Real Estate? Yes. An Idaho LLC is an ideal vehicle for owners of income-producing real estate seeking to establish a level of personal liability protection. Because Idaho LLC is a separate legal entity, the objective is to transfer title from the...