LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the ...

deductions and credits are passed-through to the owners and reported on their own tax returns. The LLC reports each owner's share of these amounts on a Schedule K-1 at the end of the year.

Paying US federal and state taxes online can be confusing, and one wrong move can result in penalties or extra money owed. We ...

In most cases, when you sell a house, you owe long-term capital gains tax on the profit that you make from the sale (minus any exclusions you qualify for) if you have owned it for more than a year. If ...

The IRS started processing tax returns on Monday, Jan 27. Experts urge taxpayers to file promptly after receiving W-2s and ...

The LLC arose from business owners' desire to adopt ... to the partners (who reported it on their individual income tax returns) but also to protect themselves from personal liability for the ...