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 ...

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

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.

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the 20% deduction for qualified business income or QBI ...

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 ...

If you asked the IRS for six more months to work on your 2024 tax return, you’re about to run out of time. And while most IRS operations are closed and nearly half of its workforce furloughed due to ...

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, ...

The government shutdown and IRS furloughs have everyone wondering if it will affect the October tax extension deadline for those that requested one on their 2024 taxes back in April. Here's what to ...

Filing your taxes could cost more in 2026. The Trump administration announced earlier this year it was ending the Internal Revenue Service’s free IRS Direct File program. Launched in 2024, Direct File ...