IRS disallows charitable deduction for LLC donation lacking economic substance, assigns income back to taxpayers in memo ...

Want to deduct groceries? Start an LLC. Thinking about buying a G-Wagon or Range Rover and expensing the whole thing? There's a video for that, too. The reality is far less exciting. Tax professionals ...

One of the attractive features of doing business through a limited liability company is the protection it gives from personal liability — but that is not always the case, as a New Jersey dentist ...

Understanding what not to do is crucial to avoid an audit. Below, I’ll share several actions LLC business owners make that I’ve seen commonly trigger an audit and discuss how to avoid these red flags.

Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. Update (Nov. 8, 2024): The IRS has officially introduced its new form ...

Bringing on U.S.-based employees or contractors shifts how the business is analyzed, regardless of where the founder lives.