In general, the owners of a closely held business have several options by which they may withdraw money from the business without selling their interest in the business.[i] For example, an owner may: ...

If an LLC is taxed as a partnership, its members are treated as partners for tax purposes (including determining whether their income represents self-employment income). 4 Despite this, in the case of ...

You work hard for your business, but do you pay yourself? And if so, are you handling it in the right way from a tax, cash flow, and budget perspective? The right approach depends on multiple factors.

In recent years, the IRS has focused its attention and resources on large partnerships. In 2021, the agency launched an initial phase of its Large Partnership Compliance (LPC) program. Under this ...

The events of the past month and rapid increase of interest rates will put further pressure on certain sectors of the economy, including the real estate sector. While it is difficult to predict where ...