Filing taxes for your LLC as an S Corp allows an owner-operator to designate him- or herself as an employee of the LLC yet to still report the income of the business on their personal tax return.

There isn’t a simple guide to follow because an LLC can take many different forms. Luckily, there are some aspects that every ...

The IRS has published a private letter ruling on I.R.C. §1362 concluding that: 1) the termination of an S corporation election was inadvertent, and treating the corporation as continuing to ...