Understanding what not to do is crucial to avoid an audit. Below, I’ll share several actions LLC business owners make that ...

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 ...

Understanding your marginal tax rate is essential as an LLC owner since you’ll need to file your individual tax return. An important consideration for 2025 is the Corporate Transparency Act.

Tax refunds from TPG Products SBTPG LLC can result from deducting tax preparation fees via Refund Transfer, processed through platforms like TurboTax.

The partnership-level adjustment may be required for a substantial built-in loss, except for electing investment partnerships and securitization partnerships.

For an LLC with multiple members, the company does need to file an informational tax return with the IRS. This tells the tax agency how the LLC has divided its earnings among its members, to make ...

When you have valuable assets, significant costs or debt, or the possibility of someone getting hurt, a limited liability company (LLC) could help shield you from liability. Additionally, it can ...