Partnerships don’t pay federal tax; income, losses, and credits pass to partners, who report them. Learn more about partnership taxes here. Do you have a great business idea, but you’re not sure you ...

Partnerships are not subject to income tax at the entity level. Instead, they operate as pass-through entities, meaning the ...

The tax side of an exit isn’t a footnote. It marks the transition from building the business to managing the outcome.

Likely, either the partnership or limited liability company is the most flexible of entities now available for business- or investment-related ventures. Whether either such entity is a partnership for ...

Business owners need a good understanding of required federal, state, and local taxes. Filing business-related taxes can be a time-consuming and complicated process, especially for new entrepreneurs.

If you often have working lunches, you might be able to deduct 50% of those meal expenses. When you meet with partners, employees, or business contacts, consider doing so over lunch. As long as the ...

In its 2003-2004 term, the U.S. Supreme Court will consider whether the Internal Revenue Service may collect partnership tax liabilities against a partnership’s general partners without first making ...

If anything, remember you’ll make tax payments more frequently than you file tax returns. Many, or all, of the products featured on this page are from our advertising partners who compensate us when ...

Business entity choice determines whether heirs get stepped-up basis on farm assets or just ownership shares upon death.