Opening a restaurant is a marathon of menu planning, design and hiring. While you’re focused on the kitchen and the dining room, one of the most critical decisions happens quietly on a legal form: ...

Here's how to complete Form 8832 so you can tell the IRS how to classify your business for tax purposes. IRS Form 8832, "Entity Classification Election," is a form business owners use to tell the IRS ...

The agency cited a "xenophobic, anti-minority, Islamophobic" rhetoric among the reasons for the designation. The label gives authorities more power to investigate the ...

Alice Weidel, joint AfD leader, said the decision was a "severe blow against German democracy" Germany's Alternative für Deutschland (AfD) party has been designated as right-wing extremist by the ...

Saad Imran is a personal finance writer with expertise in insurance, loans, credit cards and mortgages. When not writing, he’s a cat enthusiast who loves playtime with his furry companion. Shelby ...

In a previous post, we highlighted guidance released by the IRS on the topic of “relevance” and some of the implications it had in the pre-immigration planning context. More specifically, the guidance ...

For federal income tax purposes an LLC, or limited liability company, is considered a disregarded entity. In effect, the LLC does not exist under the Internal Revenue Code. Despite this fact, a ...

Accounting for merger and acquisition (M&A) activity is a common challenge for tax compliance professionals. Since each transaction can result in unique tax issues, a one-size-fits-all approach rarely ...

The New York State Department of Taxation and Finance (the department) recently opined that a membership interest in a single-member LLC (SMLLC) owning a New York condominium is real property subject ...

A Limited Liability Company (LLC) can have one of several classification types for the purpose of federal tax treatment. Some LLC classification types require the members of the LLC to elect its tax ...

For federal tax purposes, certain entities can elect passthrough tax treatment by simply checking the box. If the entity has one member, it would check to be treated as a disregarded entity; if the ...