If your S Corporation ... To complete a Schedule L, enter your balance sheet account balances into your tax software or directly on your tax return. The Schedule L is book-basis, which means ...

Our ranking of America’s 100 Greatest Public Courses provides a biennial snapshot into the state of affairs of public and ...

If you own rental property, you’ll need to file a Schedule E tax form with the IRS to report rental income income or losses.

Fact checked by Betsy Petrick If you operate a business where you're responsible for paying yourself, you'll probably have to ...

Problems with S elections frequently cause them to be invalid when made or to terminate. This article discusses four of the ...

With obstacles still to clear, SEC football coaches are pushing for Big Ten schedule agreement that could boost College Football Playoff bids.

An outline for the buyer’s counsel of questions to ask and issues to consider when conducting corporate due diligence in ...

S corporations don't pay income tax. Although the corporate structure protects the owners from liability, they pay tax individually as if it were a partnership or sole proprietorship. Owners ...

The Trump administration is changing many prior policies, but supporters of this proposal are calling for further action to ...

We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished ...

In many ways, the internet has leveled the playing field for small business owners everywhere. Online businesses are ...

Recent final regulations offer guidance as to what Treasury and the IRS may consider an eligible method for partnerships and Sec. 987 QBUs held by partnerships to determine Sec. 987 gain or loss.