Although it seems very easy to answer at first glance, there are certain considerations that a couple should take into account when forming an LLC.Because an LLC (limited liability...
Posted by Thomas G Kinsella, ATP on 07/16/2021
While starting up, many entrepreneurs usually concern themselves with various things like getting the perfect investor, getting funds, and hardly have tax in mind. However, the problem...
Posted by The TaxAdvocate Group, LLC on 06/24/2021
Everyone with assets will know that keeping such assets safe is a top priority as there are various threats to one's ownership of such assets like divorce, lawsuits and creditors. With...
Posted by Daniel P Vigilante CPA and Profit Consultants on 05/24/2021
Almost every section of the tax code was changed by the 2017 TCJA, which also affected every taxpayer, including businesses. While some of these changes were positive (reduced tax...
Posted by Karen Munoz, EA on 05/24/2021
The significant difference between S corps and partnership is the protection limited liability that S corps business owners enjoy. Partnerships, however, do not have this protection,...
Posted by Jim McClaflin, EA, NTPI Fellow on 04/27/2021
If you need to file for an individual federal income tax return, you will now use the IRS Form 1040 or 1040-SR for Seniors. The other alternatives above: Forms 1040A and 1040EZ ended...
Posted by Taxes Made EZ Inc on 04/09/2021
When starting a business, one of the first decisions you'll face is what type of business to register for. The type of business you choose will affect your taxes, obligations,...
Posted by CORE PERFORMANCE on 03/26/2021
Classifying assets between liabilities and non-liabilities is not an easy task. This can often determine whether a current income deduction is received or what tax rate should be applied....
Filing requirements can go on and on, and nothing is more frustrating than paying a fine that could have been avoided.Take a few minutes to record all the relevant filing dates in...
Posted by Thomas G Kinsella, ATP on 01/30/2021
