Every business has dreams and aspirations of making it and succeeding. Unfortunately, the other reality of starting your own business is there may co...
Businesses rely on property and machinery for day-to-day operations. Thankfully, business owners who purchase property for business use can claim tax...
The IRS reports that nearly 30 million taxpayers file a return each year and owe taxes. The majority of taxpayers are capable of covering the tax deb...
Schedule K1 is provided on IRS Form 1065 for taxpayers to report self-employment taxes related to a business partnership. Schedule K1 assists busines...
Death is inevitable for all of us, yet it doesn’t make the process any easier when you must say goodbye to a family member or close friend. Receivi...
After a loved one passes away, not everything goes with them. Their personal belongings and finances remain on earth and can become the responsibilit...
The jury is out on whether the Tax Cuts and Jobs Act of 2017 will help or hinder U.S. taxpayers. For many, whether or not it will help or hurt you de...
Not everything sent to you from the IRS is bad news. However, if you get a CP40 IRS Notice, then you need to pay attention as it shouldn’t be taken...
IRS Form 1065 is a tax document provided by the Internal Revenue Service (IRS). It is used to declare the profits, losses, deductions, and credits of...
A limited liability company (LLC) is created by many taxpayers to receive more protection from the federal government. A single member LLC is the sam...