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

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.

The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners ...

They may be able to assist you in determining the appropriate business structure (S corp, LLC, etc.) and can even assist in filing paperwork. “For anyone who owns a business or has more ...

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 ...