Baker McKenzie practitioners analyze the new international tax provisions enacted as part of the “One Big Beautiful Bill” ...

The Democratic mayoral hopeful promises free child care, a $30 minimum wage and a massive tax hike on the city’s corporations. But much is not within a mayor’s control.

Whether or not you decide to pay yourself using an LLC or S Corp depends on your business needs and goals and your unique tax circumstances.

When revoking its S corporation election, a company must either attach a statement notifying the IRS of the revocation to Form 1120-S for the final tax year of the S corporation, or submit the ...

LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the previous year.

Form 1120-S is a tax document used by S Corporations in the United States to report their financial activity to the Internal Revenue Service (IRS). An S Corporation is a special type of business ...

Starting a business is an exciting venture, but it comes with many important decisions. One of the most crucial choices ...

An LLC with S Corp election files an informational tax return (Form 1120S) with the IRS and sends its members a Schedule K-1 form indicating their share of the profits and losses.