Schedule C or Form 1065? How Husband and Wife LLC Owners Should Choose
Should a husband and wife LLC file Schedule C or Form 1065? Learn how community property rules affect eligibility and compare the filing costs, self employment tax treatment, deadlines, and state requirements of each option.
Do You Use a Personal Credit Card for Business Expenses? Read This Tax Court Case First.
A recent Tax Court case denied a $16,901 interest deduction because the business owners could not prove the debt belonged to the business or adequately document the underlying transactions. Learn how to avoid the same mistake.
The Overlooked Tax Free Employee Benefit: Educational Assistance Plans and Student Loan Repayment
Most employers have never heard of Educational Assistance Plans. Learn how your business can provide up to $5,250 annually in tax free education and student loan repayment benefits while receiving a tax deduction.
Do Husband and Wife LLCs Have to File Form 1065? Tax Filing Rules Explained
Do husband and wife LLCs need to file Form 1065? Learn the federal tax classification rules, including differences between community property and separate property states and when partnership filing is required.