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 ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Registering a limited liability company (LLC) is a popular method for starting a business, ...

CLEVELAND, Ohio — Tax season is upon us. With municipal, state and federal taxes to file, there’s one question on my mind. What’s the cheapest and easiest way to get this done? Luckily, the IRS has a ...

Taxpayers may need to correct errors on past returns. The IRS offers the amended tax return process to ensure accurate federal tax records for individuals or entities. Even for the most meticulous ...

Once you’ve clicked “file” or dropped your tax return in the mail, use this form to provide the IRS with updated information Richard Richtmyer is an senior editor at Buy Side and expert in student ...

The 2024 tax filing season hasn’t officially started yet, but you can get an early start with your tax returns. The agency said taxpayers who have adjusted gross income (AGI) of $84,000 or less in ...

If you're unable to file your 2024 federal income tax return by the standard deadline of April 15, 2025, you risk facing penalties and interest on any unpaid taxes. The traditional penalty for an ...

For Americans accustomed to doing things on time, filing for a tax extension may seem like an unusual step ... That pertains to corporate entities like law firms, but also LLC's, some trusts, and ...