Brex reports LLC owners can reduce taxable income through 16 deductible expenses. Proper tracking prevents missed deductions ...

A limited liability company (LLC) is a business that offers management flexibility, pass-through taxation and, in most cases, personal asset protection during bankruptcy or lawsuits. Often, your home ...

While all freelancers are technically business owners, not everyone considers them such. In some instances, freelancers who don’t treat their endeavors professionally are partly to blame. But often, ...

Changing the address of your LLC requires a little paperwork with the IRS and state government. Follow our guide to make sure ...

Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, state and local tax deductions, tax filing deadlines, tax trivia and more.

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An overview of the US federal income tax rules that apply to partnership divisions, including guidance on determining whether a transaction is treated as a partnership division, the tax form of a ...

The Tax Court recently held that an auto dealership did not establish reasonable cause for its failure to file and furnish information returns for cash payments it received of more than $10,000, as ...

Despite the ongoing government shutdown, Uncle Sam is still coming to collect. Tax officials are reminding Californians ...