Teachers may claim up to $250 for out of pocket teaching-related expenses. #TwitterTaxTip
(For more on twitter tax tips, see my prior explanatory post.)
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From my K-1 on the S Corp return, I keep undistributed income in the company for taxes, bonuses, etc for the next year. Will my ex-wife be entitled to her portion before this number or after? Is it considered employment related income, gross income, or reasonable income to keep the company running?