It’s 2025, and with it come major tax law changes for LLC owners. It’s crucial to stay in compliance and understand the ...

Here are the best tax software deals to shop at Amazon.

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

The 2024 tax-filing season has begun and the IRS has offered a set of six important tips designed to help taxpayers navigate ...

Both the LLC and AOTC are reported on IRS Form 8863. You are allowed to claim both credits on your tax return, but you can't ...

Be careful if you sell online. The IRS may know a lot more about your side hustle this tax season. And it is cracking down on those who fail to report the added income.

Local expert answers tax filing questions and shares tips on how to keep your money and identity safe. Lakers' LeBron James ...

While all freelancers are technically business owners, not everyone considers them such. In some instances, freelancers who ...

Sole proprietors file small business taxes on their individual tax returns using Schedule C to outline the profit or loss from the business. Limited liability company (LLC) The IRS governs taxation ...

However, even if an inactive LLC has no income or expenses for a year, it might still be required to file a federal income tax return, LegalZoom reports. Do I Need to File a Tax Return for an LLC ...

For most people, getting out of self-employment taxes will save a lot of money. LLCs do not allow that on their own. However, ...