LLCs changing from partnership tax treatment to corporation or vice-versa may encounter issues including gain recognition.

Sometimes a limited liability company, or LLC, has a year with no business activity. For example, a newly formed LLC might ...

While you may have initially opted for the sole proprietorship or partnership structure for your startup business, these structures may not be practical once your business begins to grow and expand.

If you are an LLC owner, it's important to understand the tax filing requirements for your business. Failing to file your taxes correctly can lead to penalties and interest charges from the IRS. In ...

Direct File has ended. Americans who used the free tax-filing program will have to find a new option. Here are some ...

Thinking about setting up a limited liability corporation (LLC)? Here are three reasons why you should be hesitant to set up an LLC as a new business owner. A Brief Overview Of LLCs Before I get ...