Be aware that scammers have already devised numerous methods of defrauding people in connection with COVID-19. Scammers are setting up websites, contacting people by phone and email, and posting disinformation on social media platforms. Below is a list of some examples of scams linked to COVID-19 and a link to a list of steps that…
We wanted to reach out to our clients and friends to let you know that we are staying on top of the fluid situation pertaining to the Coronavirus. Pickrel, Schaeffer and Ebeling will stay open, however; if you have a scheduled appointment with an attorney or would like to schedule an appointment, we are recommending…
We wanted to reach out to our clients and friends to let you know that we are staying on top of the fluid situation pertaining to the Coronavirus. Pickrel, Schaeffer and Ebeling will stay open, however; if you have a scheduled appointment with an attorney or would like to schedule an appointment, we are recommending…
We are excited to announce the opening of an additional location in Troy, Ohio at 22 North Short Street right across from the Miami County Court House. President of Pickrel, Schaeffer and Ebeling, Michael W. Sandner has this to say about the additional location, “we are pleased to be able to offer a physical footprint…
Have an “S” Corporation? Want to acquire a corporation and treat it as a subsidiary? Want to avoid double taxation on the acquired corporation’s income? Consider making a Qsub election. An “S” corporation can acquire and own the stock of a “C” corporation. But having an “S” corporation own a “C” corporation may not make…
When an ownership interest in a partnership (or LLC taxed as a partnership) is transferred to a member in exchange for services, the tax consequences of such transfer are governed by partnership tax law. Ownership interests in partnerships can be profits interest, capital interests or both. Partnership tax law is quite complex, and there is…
When a shareholder joins or leaves an S corporation during the year, it can cause many problems. Among these problems is the question of how to allocate income for tax purposes. The IRS has issued Treasury Regulations to clarify how to deal with some of these situations. The S corporation’s structure is simple. There is…
