The IRS issued final regulations under TD 10048, permanently removing the accelerated January 31 reporting deadline for ...

Partnerships are not subject to income tax at the entity level. Instead, they operate as pass-through entities, meaning the partnership’s income, deductions and credits flow directly to the individual ...

The partnership agreement often provides for the allocation of separately stated items of partnership income, gain, loss, deductions and credits among the partners (known as a partner’s distributive ...

An overview of the US federal income tax rules that apply to partnership divisions, including guidance on determining whether a transaction is treated as a partnership division, the tax form of a ...

Editor’s Note: Under the 2017 tax reform legislation, the technical termination rule was repealed. Therefore, a partnership will be treated as though it is continuing even if more than 50 percent of ...

According to NFIB’s most recent Small Business Problems and Priorities report, tax-related issues continue to be challenging for small business owners. From a list of 75 problems ranked by severity, ...

Sales and use tax once sat at the back of the small business tax conversation. It now has taken a seat in the front row.

April 15 isn’t the only small-business tax deadline. Here are the others to mark on your calendar. Many, or all, of the products featured on this page are from our advertising partners who compensate ...

If anything, remember you’ll make tax payments more frequently than you file tax returns. Many, or all, of the products featured on this page are from our advertising partners who compensate us when ...