Economists are skeptical that tariffs are the best way to achieve the stated goals of reshoring production, reducing the trade deficit, serving as leverage with nations in various negotiations, and ...

First- and business-class fliers (as well as passengers on private jets) will have to pay an extra tax to offset their ...

Many key details, like the centers’ full impact on electricity supply and prices, and the amount of tax revenue the state ...

Recycling has barely plugged this gap. Mines' supply, responsible for over 80% of annual silver production, peaked in 2015 at 891 million ounces but has steadily declined, dropping to 820 million ...

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 ...

Quantum originally planned to release its 10-K on the fiscal year ended March 31 on Monday and hold an earnings call on Thursday. Write to Natalie Weger at [email protected] ...

The annual contribution limits for an SEP IRA are significantly higher than those of traditional and Roth IRAs. A SEP IRA could be an ideal retirement plan if you own your own business and don’t hire ...

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.

S Corp A small business can qualify as an S corporation if it has 100 or fewer shareholders. 4 They must be individuals, specific trusts and estates, or specific tax-exempt organizations.

The Internal Revenue Service is preparing to revoke Harvard’s tax-exempt status after the University rejected federal demands on Monday, CNN reported Wednesday afternoon.