Now that taxes have been wrapped up, the next deadline for many small businesses and real estate investors may be your state’s annual report on your corporation or LLC. Some states don’t require annual reports, but many do. For example, Florida’s annual report for corporations, LLCs, limited
Trump Blows a Hole in AMT Most people don’t understand the new rules on alternative minimum tax in the new Tax Cuts and Jobs Act. (Most people didn’t understand alternative minimum tax before the new rules, so what’s new?) The new Trump laws on alternative minimum tax
If you disregard something, you ignore it. The term “disregarded entity” is used quite frequently in the IRS world and in the legal world, so you’ll need to understand both aspects of the term. An entity is a legal structure that has legal rights, including being recognized
Taxes are your biggest impediment to financial success. The IRS has lulled us into just ignoring the fact that they are taking huge chunks out of our pay checks. If people had to write out a check for their taxes every month, they would revolt. It’s real
