deductions and credits are passed-through to the owners and reported on their own tax returns. The LLC reports each owner's share of these amounts on a Schedule K-1 at the end of the year.

One mistake I see many business owners make is failing to adequately research their business structure. When starting an LLC, ...

Paying US federal and state taxes online can be confusing, and one wrong move can result in penalties or extra money owed. We ...

The Internal Revenue Service will begin accepting tax returns for tax year 2024 on Monday, Jan. 27, the IRS agency announced. The deadline to file taxes for tax year 2024 is April 15. The IRS expects ...

Editor’s note: This is part 13 of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning ... the other assets of the LLC owner.

The LLC arose from business owners' desire to adopt ... to the partners (who reported it on their individual income tax returns) but also to protect themselves from personal liability for the ...