Posts Tagged “Thanks In Advance”

health insurance premiums
nkitchen31 asked:


My buddy and I own an LLC (taxed as an S-Corp). Can you deduct business expenses (such as phone) and health insurance premiums AND the standard deduction?

Also, do distributions/dividends have to be distributed equally (if we each own 50%, per say) can he take 60%, and I take 40% of distributions?

Thanks in advance.

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life and health insurance
roccocorleone asked:


I want to get my life, health and annuities license without being backed by a company. I just think it would be something good to have. I have looked all over the internet but couldn’t find an answer. Does anyone know how I go about qualifying or scheduling to take a test to get my license? And help would be great. Thanks in advance!

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