If you are the owner of an LLC and want to file the correct tax return for your business, the job starts with gathering the ...

This is simply a fancy way of saying that your business income is not taxed on its own; instead, it’s “passed through” to your personal tax return and the returns of your LLC’s other ...

LLC stands for limited liability company ... Has to be at least one general partner and one limited partner. Taxed once on member tax returns Taxed once on member tax returns Taxed once on ...

Converting your LLC to an S-corp when filing your tax return can be a complicated process, but it is possible. Find out how it can be done. To qualify as an S-corporation, your company must meet ...

Taxation: With an LLC, members can file LLC profits and losses on their own individual income tax returns. This eliminates corporate taxes, saving the company money. Ease of Use: LLCs are the ...

Here’s some election news that doesn’t involve politics: the IRS is finalizing a long-awaited official form for the Section ...

Starting an LLC is an exciting step toward business ownership. You have filed all of the paperwork, and it’s now official-you ...

Start an LLC Today What Is an LLC? An LLC is a legal designation U.S. business owners can choose for their business. It offers legal protection for personal assets, privacy and a low-cost way to ...

At the same time, LLC members claim profits and losses on their individual income returns, avoiding corporate taxes. Yet, when beneficial, members can opt to be classified as a corporation for tax ...

If you want to form an LLC in South Carolina, this guide provides the steps and informational you need to get it started.

Madison Solutions LLC, has been permanently banned from preparing tax returns. The court found he fraudulently claimed deductions and credits for clients, resulting in illegal tax refunds.

However, as with all good adventures, it also comes with risks. A limited liability company (LLC) is a great way to shield your personal assets from business debts and liabilities. An LLC can also ...