It’s 2025, and with it come major tax law changes for LLC owners. It’s crucial to stay in compliance and understand the ...

How do federal tax credits work? Tax credits directly subtract money from the federal income taxes that you owe, meaning each ...

While all freelancers are technically business owners, not everyone considers them such. In some instances, freelancers who ...

Local expert answers tax filing questions and shares tips on how to keep your money and identity safe. Lakers' LeBron James ...

LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the previous year.

For most people, getting out of self-employment taxes will save a lot of money. LLCs do not allow that on their own. However, ...

An LLC can invest other people’s money, but the process depends on how the LLC is structured and whether it complies with ...

The IRS governs taxation for LLCs, but individual states control who can form an LLC. While LLCs are typically more complex and costly to start than sole proprietorships, they provide more flexibility ...

Starting a California LLC can feel like a big task, but it’s totally doable if you break it down into steps. From picking the ...

However, even if an inactive LLC has no income or expenses for a year, it might still be required to file a federal income tax return, LegalZoom reports. Do I Need to File a Tax Return for an LLC ...

Many successful business owners attribute some part of their success to their community. For some of these owners, it is not enough to ...

The 2024 tax-filing season has begun and the IRS has offered a set of six important tips designed to help taxpayers navigate ...