Are you considering establishing your business as a limited liability company (LLC)? Perhaps your business is growing and becoming more complex. Maybe you wish to manage your exposure to risk as a ...

Understanding what not to do is crucial to avoid an audit. Below, I’ll share several actions LLC business owners make that I’ve seen commonly trigger an audit and discuss how to avoid these red flags.

Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. Update (Nov. 8, 2024): The IRS has officially introduced its new form ...

In Field Service Advice Memorandum 0260401F, the Internal Revenue Service concluded that the transfer of non-voting interests in a limited liability company (LLC) to a tax-exempt Internal Revenue Code ...