One of the complicated parts of managing your business is knowing and satisfying your tax responsibilities. Unlike personal income tax returns, which are usually completed with certain...
Posted by David Macgregor on 06/15/2020
The IRS allows individuals, businesses, and properties to file an income tax return after the deadline by obtaining an extension. The correct presentation of an extension means that...
Posted by Larry Hurt on 04/20/2020
Centralized Partnership Audit Regime sounds dismal Partnership returns have another election to factor in this year — question 25 on Page 3 of Form 1065. Is the...
Posted by Flynn Financial Group Inc on 09/25/2019
The U.S Postal Service has been used by millions of taxpayers when filing and paying for their taxes every year. But what if you prefer to use another delivery service to file your...
Posted by Larry Hurt on 04/17/2019
Are you operating one single “owner” company or a member limited liability company? Thinking of making some multi-member LLC? In both ways, you are likely to face questions...
As the word itself describes, Partnership is a business legally owned by two or more owners. Since partnerships have no corporate status, they do not have to be taxed directly...
Posted by Esther N. Phahla, CPA, A Professional Corporation on 03/23/2018
A Limited Liability Company (LLC) is not recognized by the IRS and is not a separate entity. The IRS calls it a “pass-through entity” because its profits and losses are...
Posted by US and International Business Services on 03/08/2018
Husband-Wife Partnerships in FocusHusband-wife partnerships are specific kinds of businesses, and therefore they are legally permitted to file taxes somewhat differently to other kinds...
One such schedule is the Schedule SE. This particular schedule is focused on individuals who are self-employed. It assists you in determining how much you owe in terms of contributions...