S corporations offer the tax benefits of pass-through entities like partnerships and sole proprietorships. This means the business itself generally doesn't pay income taxes. Instead, profits and ...

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

Form 1120-S is the annual tax return for S corporations. What Is Form 1120-S: U.S. Income Tax Return for an S Corporation? Form 1120-S: U.S. Income Tax Return for an S Corporation is a tax ...

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

which is 15.3% on top of your regular income tax. If your business generates more than $80,000 in net profit annually, ...

For some, this may include refining their financial structures, specifically working to minimize tax implications moving forward. One method that is gaining traction is the S corporation election.

That's because an S corporation has some appealing tax benefits and still provides business owners with the liability protection of a corporation. With an S corporation, income and losses are ...

Tax planning isn’t merely about staying compliant with the law—it’s a powerful instrument for driving profitability.

A new study from Lettuce Financial reveals that self-employed professionals and solopreneurs are unknowingly leaving thousands of dollars in tax savings on the table due to confusion over S ...