It is important that parents have a firm understanding of their children's current and future extraordinary expenses. Piercing the corporate veil questionI have a one person S corp. Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News You can use your HRA, HSA or FSA to reimburse yourself for medical expenses. More and more businesspeople are working for themselves. The following is an excerpt from my book LLC vs. S-Corp vs. C-Corp Explained in 100 Pages or Less. S corporations are passthrough tax entities (as are most partnerships and LLCs). news Fattah Jr.'s alternative school boss charged with paying nannies, landscapers with school district funds One question I have is in regards to an LLC or S corp for tax purposes. Determining Extraordinary Expenses. What does the U.S. Fed interest rate hike mean for Canadian investors? S-corporations, like partnerships, are pass-through entities. Find out how LLC and S corps are taxed and get information to help you decide between an S corporation vs. LLC. Get the latest Boston Finance news and information on Boston.com Unreimbursed partnership expenses By Jeffrey Brooks, CPA, CFP, MBA, Self-Administered HRAs for S S corporations are passthrough tax entities (as are most partnerships and LLCs). Self-Administered HRAs for S Many small business owners make a common mistake: They use their business checking account or business credit card to pay personal expenses. Here's Responsibility for Costs. Find out how LLC and S corps are taxed and get information to help you decide between an S corporation vs. LLC. We compare LLCs, S Corp, and C Corp business structures alongside partnerships and sole proprietors. Get expert advice for all your financial questions, from spending , saving and investing smartly; to tackling taxes; to buying a home; to getting the right insurance. Determining Extraordinary Expenses. We compare LLCs, S Corp, and C Corp business structures alongside partnerships and sole proprietors. Laws vary by state, but the decedents estate is usually responsible for paying funeral expenses. Medical Expenses and the S Corporation ... expense may be deducted on the individuals personal income tax return. Learn which structure is best for your business. They figure it's The Tax Foundation is out with a new write-up called, Are Pass-Through Businesses Treated Fairly Under the Senate Version of the Tax Cuts and Jobs Act? Income Tax Tips - MarketWatch offers online tax advice and tips. Get the latest Boston Finance news and information on Boston.com Accounting for Income and Expenses. Need More Help? Elizabeth Wasserman is editor of Inc.'s technology website, IncTechnology.com. Need More Help? Get expert advice for all your financial questions, from spending , saving and investing smartly; to tackling taxes; to buying a home; to getting the right insurance. Learn the difference between S corp vs. LLC. Learn about qualified health care expenses and see a list of covered items.