For example, a newly formed LLC might not have started doing business yet, or an older LLC might have become inactive without being formally dissolved. However, even if an inactive LLC has no income ...

The U.S. Department of the Treasury and IRS on Jan. 10, 2025, released initial guidance regarding the production tax credit (PTC) for clean ...

The IRS has published a private letter ruling on Section 7701 and Treasury Regulations Section 9100 granting taxpayer a 60-day extension to file Form 8832, a disregarded entity election form. Taxpayer ...

Whether tax reforms in the Tax Cuts and Jobs Act of 2017 expire or are extended will impact most people's tax bills.

Bruce Fort of the Multistate Tax Commission analyzes a court decision that PepsiCo set up a shell company to avoid Illinois income taxes, saying that state tax administrators could challenge the ...

And I expect that occasionally you've encountered clients who made a change at one point but then reverted back to a previous tax status to get the most advantageous tax outcomes for their current ...

Two Quebec motorists died in separate accidents on the province’s roads Friday night and one man was arrested on suspicion of impaired driving causing death, police said. The Sureté du Quebec ...