Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...

IRS disallows charitable deduction for LLC transfer lacking economic substance, taxes donor on all income under assignment doctrine ...

The IRS has announced the annual inflation adjustments for the year 2025, including tax rate schedules, tax tables and cost-of-living adjustments.

A practical walkthrough of individual tax-planning essentials ...

New LLC owners often struggle to distinguish between deductible and non-deductible expenses. This confusion can cost thousands in missed opportunities or, worse, trigger unwanted attention from the ...