Accumulated earnings and profits (E&P) are the earnings accumulated by a company after the payment of dividends to shareholders. It measures a company's ability to pay cash...
Nobody likes to do their taxes, but the task is even more difficult when preparing returns for the death of a spouse or a death certificate. If you are preparing a 1040 federal tax...
The tax that exists on all business income differs in various states. While some US states tax corporations strictly, others tax many forms of businesses. Various states have different...
The Tax Cuts and Jobs Act (TCJA) of 2017 reduced the federal income tax rate for C Corps to 21%, effective January 1, 2018. With this tax rate reduction, business owners can assess...
Gross estate is the totality of the dollar value of an individual's estate and assets at the time of death. The gross amount of equity does not reflect liabilities such as debts...