Tag: IRS

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Understanding the IRS and the U.S. Tax System: A Beginner’s Guide

U.S. Tax System: Taxes are a fact of life in the U.S., but the system doesn’t have to feel overwhelming. This guide will break...

C Corp to S Corp Transition: Tax Considerations You Need to Know Before Making the Switch

C Corp to S Corp Transition: Thinking of switching your business structure from a C Corp to an S Corp? You're not alone! Many...

IRS Stimulus Checks May 2024: Which States Are Sending Payments?

IRS Stimulus Checks May 2024: In response to the COVID-19 pandemic, many states, along with the federal government, gave money to people to help...

IRS Tax Tips: Emergencies, Disaster Relief, and Protecting Your Financial Records

IRS Tax Tips for Emergency: Disasters can happen suddenly, causing a lot of chaos and problems. For businesses, being ready for emergencies is super...

$2400 Stimulus Checks May 2024: Eligibility, Payment Dates & Facts

$2400 Stimulus Checks May 2024: In May 2024, the Internal Revenue Service (IRS) is set to distribute a $2400 monthly stimulus check as part...

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Form 1065 Schedule M-2: Capital Reporting Simplified

If you operate a multi-member US LLC taxed as...

Real Estate Professional Status: The Ultimate Tax Advantage in 2026

Real estate professional status is one of the most...

Form 8594 in 2026: Asset Purchase Reporting Rules Every US LLC Must Know

If you’re buying or selling a business in 2026,...

EIN for Foreign-Owned US LLCs in 2026: Complete IRS Application Guide

If you are a non-resident forming a US LLC,...

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