The IRS opened the 2018 income tax return filing season on January 28. Even if you typically don’t file until much closer to the April 15 […]

Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services in the form of guaranteed payments […]

There aren’t too many things businesses can do after a year ends to reduce tax liability for that year. However, you might be able to pay […]

This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business increased by 3.5 cents, to the highest […]