Careful planning around LLC vs sole proprietor taxes and LLC vs corporation tax advantages can reduce your bill.

Learn how LLCs can set up a SEP IRA for retirement savings. Understand eligibility, contribution limits, and key considerations for business owners and freelancers.

Discover how IRS Form 1065 helps partnerships report income and deductions. Learn how it’s crucial for completing partners’ tax returns with Schedule K-1 allocations.

Limited Liability Companies give business owners a unique blend of liability protection and some real tax flexibility. The main tax perk of an LLC is pass-through taxation, which lets profits flow ...

Real estate investing is often touted as a great way to make money and invest in your future, and it is. But once you have a new property, it can be hard to know how to protect yourself and your ...

When it comes to voluntarily paying taxes on time to the IRS, crypto investors may not have a great record. At least, not according to an IRS review from 2023, which showed “the potential for” a mere ...

Gov. Greg Abbott recently told a room of GOP faithful that he is determined to stop cities and counties from raising property taxes, slamming Austin for proposing a rate hike to raise $110 million to ...

A limited liability company (LLC) can change its entity classification for tax purposes by filing Form 8832, Entity Classification Election, or by incorporating under state law. These and other ...

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, ...