Filing taxes for your LLC as an S Corp allows an owner-operator to designate him- or herself as an employee of the LLC yet to still report the income of the business on their personal tax return. S ...

Industry groups are lobbying the Treasury Department to create a special exemption from the corporate minimum tax — enacted ...

VAN NUYS, CA - APRIL 17: J. D. Montgomery holds a sign on the street outside of the James C. Corman Federal Building encouraging motorist to express their anger at the Internal Revenue Service (IRS) ...

With only a couple of months left in 2024, many business owners are preparing their year-end taxes. For some, this may include refining their financial structures, specifically working to minimize tax ...

As clients' businesses evolve, it sometimes makes sense for them to change how their companies are taxed. And I expect that occasionally you've encountered clients who made a change at one point but ...

When you’re starting a business, picking the right corporation type can feel like a big decision. It’s not just about the ...

CPAs can help their clients determine what is a reasonable salary to pay shareholder employees (SEs) of S corporations, thus satisfying an IRS priority to collect proper amounts of employment taxes.

(Bloomberg) -- One of the most lucrative tax breaks corporate America won in Donald Trump’s signature economic legislation — worth an estimated $67 billion this year — is hitting a roadblock in a ...

Forbes contributors publish independent expert analyses and insights. Leading writer and speaker in the area of trader tax benefits. Don’t wait until tax time in April; arrange tax savings before year ...

Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like insurance, ...