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

The nature of your LLC can influence which tax forms you need and what you ultimately owe. Many, or all, of the products featured on this page are from our advertising partners who compensate us when ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. You’ve incorporated your venture as an LLC (limited ...

A limited liability company (LLC) is a legal business structure, but the IRS does not recognize an LLC as a classification for tax purposes. The IRS considers LLCs a disregarded entity for tax ...

A limited liability company, also known as an LLC, is a flexible entity that allows the owners, called members, to select the form of business that best suits their needs. An LLC offers limited ...

Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...

The Tax Court held that a sole member of an LLC was liable for the company’s employment tax liabilities because the LLC was treated as a disregarded entity in the absence of an election to be treated ...