Business owners are often reluctant to utilize the Series Allowance under the Delaware Series LLC statute. This allowance permits a business owner to create separate ventures within one LLC, but directs that each internal venture be insulated from the other ventures’ liability.
This article describes the possibility and drawbacks of running multiple businesses under the umbrella of one LLC.
The Congressional Budget Office recently appointed a new director. This director faces many challenges as he assumes this role, one of which is a recently changed method of budget analysis.
Choosing how to structure a new business for tax purposes is undoubtedly one of the most frustrating aspects of being a small business owner. This article uses a number of graphical depictions to make the choice a bit easier to digest at the most basic level.
For a self-employed taxpayer or independent contractor, there are very few reasons not to establish a limited liability company.
The IRS now resorts to indirect, ancillary methods to assist with the assessment and collection of tax due. This article explores three such methods identified recently by the National Taxpayer Advocate.
“Once upon a time . . .” is how most fairy-tales begin. There are generally no fairy-tales to speak of when dealing with the federal government, but if there was one, it would definitely be the Offer in Compromise (OIC).
This article explores three methods identified recently by the National Taxpayer Advocate.
Most procedural opportunities to stop or delay collections present themselves soon after the tax debt is assessed. As a result, engaging professional help for IRS debt settlement sooner than later is absolutely crucial.
In today’s red-hot real estate market, the importance of tax planning – particularly property tax planning – can’t be stressed enough.
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