But the rollback of clean energy tax credits will also aid the fossil-fuel industry. Fewer electric cars on the road mean ...

Slew of small business tax cuts set to become law. Here's what you need to know.

Oil drillers win access to public lands and manufacturers get tax breaks, while elite universities face new endowment taxes ...

The Republican legislation muscled through Congress will reshape American’s energy landscape. Here’s a rundown on the winners ...

As the business landscape evolves, LLCs provide a solid foundation for sustainable growth and generational success.

THE DEPARTMENT of Finance (DoF) is proposing a tax on online gaming, as well as studying potential policies to curb ...

This unique approach combines a C-corporation structure with portfolio interest exempt notes—debt instruments that allow U.S.

NATO’s 5% pledge plus Trump’s tax bill offers significant investment in US defense. With ongoing global tensions, learn about ...

Rules for signing the power-of-attorney form vary widely between partnerships audited under the Bipartisan Budget Act of 2015 (BBA) versus those under the Tax Equity and Fiscal Responsibility Act of ...

Businesses structured as S corporations can deduct payroll tax expenses on line 12 of Form 1120S. Only the employer portion of payroll taxes, not the employee portion, are deductible for the business.

Once a single-member LLC has filed IRS Form 8832 and elected to be treated as a corporation, the IRS can levy only property of the business. It cannot touch any property personally owned by any of ...

The form must be signed by the owners, and their signatures must be notarized. Prepare a letter to the IRS, terminating the election. There is no official form to terminate an S corporation election.