Selling something that has shot up in value — think appreciated stocks, bitcoin bought for pennies, a rental building, or a ...

Ultimately, the right entity choice depends on the business’s goals, profit model, ownership structure, and tolerance for ...

A 52-year-old New Jersey tax preparer was found guilty of orchestrating tax credit fraud during the coronavirus pandemic that cost the government more than $55 million. A jury convicted Leon Haynes of ...

Beginning January 1, 2026, all New York limited liability companies—and all non–New York LLCs doing business in New York—must file ...

TurboTenant reports that the IRS will know about your rental income, and failing to report it can lead to serious penalties ...

State lawmakers have created a new Working Pennsylvanians Tax Credit. It’ll be tied to the federal Earned Income Tax Credit ...

A new filing in the legal fight over Texas’ affordable housing overhaul shows that a company tied to the lawmaker who ...

Another distinction lies in flexibility. LLCs allow owners to reinvest profits or distribute income in a variety of ways, while S-Corps must distribute earnings based strictly on ownership percentage.

When it comes to voluntarily paying taxes on time to the IRS, crypto investors may not have a great record. At least, not according to an IRS review from 2023, which showed “the potential for” a mere ...

The IRS extended the tax deadline for all Tennessee residents due to severe storms in April. This extension was also granted to those affected by Hurricane Helene in September 2024. The new deadline ...

Tennesseans have until Nov. 3 to file their tax returns due to an extension granted after severe weather. A federal government shutdown has resulted in the furlough of half of all IRS employees and ...

Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...