The IRS issued Proposed Regulations last month which provide helpful clarity for employers on how to implement and comply with two new SECURE 2.0 provisions relating to catch-up contributions.

Taxpayer received an extension of time, under Section 301.7701-3, of 120 days from the date of this letter to file Form 8832 to elect to be treated as a disregarded ...

Republicans took one step forward during the 2017 reforms, and this is their chance to avoid taking two steps back.

Many successful business owners attribute some part of their success to their community. For some of these owners, it is not enough to ...

Prospect Capital Corporation has announced a $65 million investment in Taos Footwear Holdings, LLC, which includes a ... Prospect has elected to be treated as a business development company ...

If a single-member LLC doesn’t elect to be treated as a corporation, the owner reports the LLC’s income and expenses on their personal federal income tax return. Keep in mind that a single ...

An LLC offers the protection of a corporation with the tax structure of a partnership. A family LLC can be useful in estate planning. A family LLC is formed by one family member who serves as the ...

In December 2023, the agency expanded business accounts to include "individual partners of partnerships and individual shareholders of S corporation businesses." In December 2024, the IRS ...

LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the ...

Sometimes a limited liability company, or LLC, has a year with no business activity. For example, a newly formed LLC might not have started doing business yet, or an older LLC might have become ...