Have you ever wondered “Can You have multiple LLC? “Short Answer is Yes. Lets learn more how different structures work and how they can be used for asset protection. US Law and Tax Law allows individuals and entities to be engaged in different types of businesses. As a result, you are allowed to form…
Category: Business
How LLC Members are Taxed?
LLC(Limited Liability Company) is one of the most flexible entity. It allows its members many options that are not available as other legal entities. LLC can elect to be taxed as: C Corp, S Corp, General Partnership or as a Disregarded entity(it files taxes as Schedule C along with personal tax return 1040) How LLC…
S Corporation: Ultimate Business & Tax Guide
Are you considering forming a S Corporation or converting your existing corporatoin or LLC to S Corp? This “S Corporation: Ultimate Business & Tax Guide” will help you make the right determination once you learn all the requirements to see if S Corporation right entitry type for you. What is an S Corp? S Corp…
Tax Benefits of Cost Segregation Study (Ultimate Guide)
Have you Considered the Tax Benefits of Cost Segregation Study? Cost Segregation can help speed up your depreciation and save thousands in Income taxes. Cost Segregation can help offset your rental or real estate income using bonus depreciation. Learn Learn how we can use Cost Segregation to help lower your tax burden. What are the…
Opportunity Zones & Tax Benefits
We have compiled valuable information below from credible sources such as Internal Revenue Service and HUD to help you understand Qualified Opportunity Zones & the Tax Benefits associated with them. In this article we will be discussing the following: What is an opportunity Zone? What are Opportunity Zone Tax Benefits? Opportunity Zone Maps for US…
Comprehensive 1099 Guide
Comprehensive 1099 Guide includes Tips & Guidelines for different types of 1099s. Learn more about 1099 filing Requirements & Due Dates by reviewing this Comprehensive 1099 Guide. What is a 1099? What is due date for 1099? What are different types of 1099 forms? Who qualifies to receive a 1099 form? Who are you required…
31 Best Tax Deductions for Truckers, Truck Drivers & Owner Operators
Are you a Trucker looking to Lower your Taxes? Checkout these “31 Tax Deductions for Truckers, Truck Drivers & Owner Operators?” We have prepared income taxes for Truck Drivers and self employed for over 20 years. List of expenses below is best list truck driver tax deductions that we used on daily basis to help…
How to Pay IRS Taxes? (Ultimate Guide!!)
Have you ever wondered How to pay IRS taxes? The IRS offers many payment options where taxpayers can pay right away or arrange payment plan. Taxpayers can pay online, by phone, or with their mobile device and the IRS2Go app. In Summary you can pay IRS taxes the following ways: Using IRS Website directly from…
The 7 Best Retirement Plans Out There
It’s never too early to start planning for your retirement. You need to make sure that you’re setting money aside to last you about thirty years or more. Below is the list of 7 of the Best Retirement Plans Out there. IRA 401(K) 403(B) Defined Benefit Plan Solo 401(K) Simple IRA Pensions But what…
