Since the finalization of the IRS’s “check-the-box” entity-classification regulations nearly 30 years ago, a state law LLC ...

Higher costs, tax rises, and changes to employment rules mean it's a bruising time to be a small business owner. Many are yet to recover from the impact of the pandemic and the double whammy of ...

It’s also a good choice for small business owners looking for a bank that offers specialized support, tax help and financing ... and an online fillable form for specific support requests.

A frequent misconception among business owners is that taxes are a once-a-year obligation. In reality, tax planning requires ...

Senate and House Republicans have been meeting for months to hammer out a bill to make the tax cuts permanent.

Big changes are underway at the IRS, with major workforce reductions and budget changes reshaping how the agency operates. It ...

The Qualified Business Income Deduction lets many small business owners deduct up to 20% of their income. Unless Congress ...

This has created a panic like situation among the business community. A number of taxpayers have raised concerns about being labelled as “Inactive” due to not filing their sales tax returns ...

Commissioner O’Donnell had worked in the IRS for nearly 40 years. Serving mainly in the Large Business and International (LB&I) Division, O’Donnell has held numerous roles, ranging from ...

Nonprofits can lose their tax-exempt status for things like improperly paying its directors, endorsing a political candidate or operating a business unrelated to its charitable mission.

WASHINGTON (AP) — Just days after being promoted to acting IRS commissioner ... testified to Congress as Republicans reviewed the business dealings of Joe Biden’s son, will be replaced ...