Entrepreneurs are opening businesses everywhere. Image: Small Business Administration. Starting a business is exciting, but it comes with all kinds of decisions to make. On the tax front, many ...

The IRS recently issued Revenue Procedure 2022-19 (“Rev. Proc. 2022-19” or “the Revenue Procedure”), offering taxpayers clarification and new simplified procedures for resolving certain issues related ...

For entrepreneurs starting their own business, there are a number of ways to register the corporation, depending on the way it intends to operate. A corporation that files as an S corporation has ...

Whether you're the only member of a limited liability company, or LLC, or are one of many, you can start taking advantage of some tax-saving opportunities that S corporations offer by making an ...

The American Institute of CPAs has written to the Internal Revenue Service asking the IRS to let small businesses electronically file the form used to elect S Corporation status. The AICPA said the ...

Filing taxes for your LLC as an S Corp allows an owner-operator to designate him- or herself as an employee of the LLC yet to still report the income of the business on their personal tax return. S ...

Changing a regular corporation, or C corporation, to an S corporation requires you to make a tax election with the Internal Revenue Service that places the corporation under the tax provisions of ...

Small-business owners can get tax benefits and liability protection by incorporating as S corporations under Subchapter S of the Internal Revenue Code. To meet S corporation qualifications, your ...

When you're in business for yourself, minimizing your tax burden can mean the difference between profitability and operating in the red. If your business is organized as a professional corporation, ...