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The Tax Cuts and Jobs Act which becomes effective in the 2018 tax year, translates into a potential 20% tax reduction for qualified business profit from pass-through entities such as s-corporations, limited liability companies, partnerships, and sole …
Some individuals and businesses owe more tax than they have funds to pay in full. If you want to avoid the IRS from taking away your assets, they have installment plans that will allow you …
Owners of small businesses and sub chapter S-Corporations have often allowed profits to flow to the shareholders as distributions taxable at ordinary rates. The IRS is currently focusing on tax collection from small corporations. The …
Tax season is officially underway, and despite promises of “no new tax law changes for 2014”, you still might be in for a few surprises. Here’s a quick summary. Quick Summary As United States citizens …