News & Advice

A business structure that can potentially face double taxation is a C corporation. Here's how double taxation can occur with C corporations... Corporate Income Tax - C corporations are separate legal entities…

Self-employed individuals may feel like they're paying "double taxes" because they're responsible for both the employer and employee portions of certain taxes. Here's why it can feel that way... Social Security and…

The frequency with which a business has to pay taxes depends on several factors, including its legal structure, tax classification, and the type of taxes it owes. Here's a general overview... Federal…

LLCs (Limited Liability Companies) can avoid double taxation through proper tax planning and choosing the appropriate tax classification. Here are some strategies that LLCs can use to avoid paying taxes twice... Pass-Through…

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…