How to Complete IRS Form 8594 for an Asset Acquisition
The sale of business assets must generally be disclosed on a Form 8594 by both the buyer and the seller. This article and video tutorial cover a sample Form 8594.
Top 5 Reasons to Avoid an S Corporation
For many business owners, the S corporation may not be the best choice for entity selection. This article and video discuss the top 5 reasons to avoid the S corporation structure.
What Expenses Can You Deduct with Your LLC?
Having an LLC doesn't mean you can deduct everything as an expense. So, what are the rules?
How to Pay Yourself From a Single Member LLC?
If a business owner is the sole owner of a single member LLC, there are several ways the owner can be compensated. This article and video tutorial cover those options.
Is Rental Income Taxable?
Many businesses and individuals invest in real property assets that are rented to tenants. The rental income is generally subject to federal and state income taxes. This article discusses the federal tax rules for rental income.
How to Convert an LLC to an S Corporation
The S corporation election is a valuable tool for many small businesses. In order to make an S corporation election, the entity must be a domestic eligible entity, which includes U.S. LLCs. This article and video discuss the process to make an S election for an LLC.
Is a Section 83(b) Election Needed for Your Startup?
The Section 83(b) election is available to individuals that receive equity grants as part of their compensation. A critical question, however, is whether you actually need to make this election?
Can a Non-US Person be a Partner in a US LLC
The U.S. limited liability company (LLC) is one of the most coveted entity types in the world. There are generally no restrictions on who can be an owner in a U.S. LLC, however, there are special reporting requirements. This article and video cover the basic reporting requirements.
How to Complete IRS Form W-9 for a Single Member LLC
The IRS Form W-9 is a withholding certificate that identities the name, taxpayer identification number (TIN), address, and tax classification for a person, entity, or trust. This article covers how to prepare Form W-9 for a single member LLC.