LLCs changing from partnership tax treatment to corporation or vice-versa may encounter issues including gain recognition.

Reversing the Tax Court, the Ninth Circuit held that a partnership filed its return when, in response to an IRS revenue agent’s letter, it faxed the agent a signed copy of the return, which the ...

Traditionally, an entity applying for tax exempt status under Code Section 501(c)(3) will be a corporation. With the rise in popularity of the LLC over the last 25 years, it’s a wonder that LLCs are ...

Getting the right tax advice and tips is vital in the complex tax world we live in. The Kiplinger Tax Letter helps you stay right on the money with the latest news and forecasts, with insight from our ...

Inspired by the Federal Deposit Insurance Corp.'s decision to give deposit insurance to state-chartered banks incorporated as limited liability companies, Nebraska has repealed a law prohibiting state ...

Freeman Law’s “The Tax Court in Brief” covers every substantive Tax Court opinion, providing a weekly brief of its decisions in clear, concise prose. “One way to think about tax law is to view it as a ...

Jacqi is a seasoned legal professional committed to simplifying complex legal issues. With her in-depth knowledge of tax laws, she thrives on helping individuals and businesses navigate the maze of ...