LLC Tax Election-What is it? The LLC tax election tells the IRS how to tax your Limited Liability Company (LLC.) After the LLC was developed in the 1970’s, Congress did not define how it should be taxed. As a result, the Federal Government does not recognize the
The self-employed tax rate tells us plenty about small business deductions. The self-employed tax rate is currently a matter of much political discussion. Is it too high? Is it too low? It is a battle that needs to be resolved. According to the U.S. Dept. of Commerce
Which state is best to file your LLC in? Forming an LLC requires a lot of choices. The first is probably which state to file your LLC in. The quick answer is that it is usually the easiest and least expensive to form an LLC in your
Small business tax deductions can save a great deal of money on taxes. I have always said that your own small business can be your best tax deduction. The other day I mentioned this at my Arizona Boot Camp. One of the attendees mentioned that starting a
