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

Partnerships (which, for the purpose of this article, include limited liability companies treated as partnerships for tax purposes) have long been considered a flexible way of structuring investment ...

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 ...

Taxation is one element to consider when choosing a business structure for your company. One unique aspect of Limited Liability Companies (LLCs) is your ability to decide how they will be taxed. That ...

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, ...

Back in 2019, I wrote about the prolific Florida tax shelter promoter Mike Meyer in my article Mike Meyer's 'Ultimate Tax Plan' Involving Charitable LLCs And LPs Hit With DOJ Permanent Injunction ...

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