News & Advice

Several factors can increase the likelihood of getting audited by the IRS (Internal Revenue Service). While there's no definitive list of criteria that guarantee an audit, certain situations or behaviors may raise…

The IRS (Internal Revenue Service) may choose to audit a tax return for various reasons, and there isn't always a single trigger that leads to an audit. However, certain factors or red…

Yes, an LLC (Limited Liability Company) can use TurboTax to file its taxes, depending on the LLC's tax classification and filing requirements. TurboTax offers various software products tailored to different types of…

Deciding whether an LLC or an S corporation (S corp) is better for taxes depends on various factors, including your business's specific circumstances, financial goals, and tax considerations. Both LLCs and S…

The best tax form for an LLC depends on several factors, including the number of owners (members), how the LLC elects to be taxed, and the business's financial situation. Here are the…

Yes, the IRS can come after you personally for business taxes under certain circumstances. Here are some scenarios in which the IRS may pursue individual business owners or officers for business tax…