Small Business Tax Help
Understanding the Nuances for Business OwnersFor many small business owners in the U.S., forming a limited liability company (LLC) or a partnership is a common way to structure their businesses.
October 1, 2024
Skip to content Understanding the Nuances for Business OwnersFor many small business owners in the U.S., forming a limited liability company (LLC) or a partnership is a common way to structure their businesses.
When it comes to legal settlements, the general rule is that payouts related to personal injury or illness are not subject to federal income tax. However, as with many aspects
One of the perks of running your own business is the ability to employ family members, but this comes with unique tax implications that every business owner should be aware
In a recent case that highlights the severe consequences of tax evasion, a Newark construction business owner admitted to evading taxes by using a check-cashing scheme and failing to collect
A recent case involving a Rochester businessman pleading guilty to a tax charge has highlighted the serious consequences of failing to meet tax obligations. This case serves as a cautionary
In a recent case that underscores the critical importance of tax compliance, Alabama chiropractor Gary Forrest Edwards was indicted on charges including tax evasion and filing false tax returns. Edwards
Owning and leasing an aircraft can be an effective way to offset the high costs of ownership. However, as beneficial as this strategy might seem, it’s not without its challenges—particularly
Charles Sorenson, a retired Delta Airlines pilot, was recently found guilty of multiple serious tax-related offenses, including tax evasion, filing false tax returns, failing to file tax returns, and making
The recent sentencing of Jess Adams, the former treasurer for the City of Houston, Alaska, serves as a stark reminder of the vulnerabilities in financial management systems. Adams was handed
Former Illinois State Senator William McCann, Jr., has faced significant legal repercussions following his misuse of campaign funds, resulting in a prison sentence of 42 months and an order to
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