As a first-time small business owner, you're responsible for paying federal income taxes according to the rules set by the ...

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.

If you are the owner of an LLC and want to file the correct tax return for your business, the job starts with gathering the ...

In most cases, when you sell a house, you owe long-term capital gains tax on the profit that you make from the sale (minus any exclusions you qualify for) if you have owned it for more than a year. If ...

The IRS started processing tax returns on Monday, Jan 27. Experts urge taxpayers to file promptly after receiving W-2s and ...

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 ...