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Filing taxes by entity

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Ines Zemelman, EA
• 19.04.24
Informational returns: Do S corporations get a 1099?
If you own an S corporation, you probably have many operational activities to tackle, like business planning, managing employees, and handling finances. Many business owners wonder if S corporations must get Form 1099 for tax information. This guide will help you understand whether you must receive and issue Form 1099 on behalf of your...
Filing taxes by entity
5 min read
Informational returns: Do S corporations get a 1099?
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Ines Zemelman, EA
• 11.04.24
Late S corp election: How to file it after the deadline
Small business owners often choose an S corporation tax status due to its pass-through taxation advantages. To elect this tax classification, you must file the IRS Form 2553, Election by a Small Business Corporation, in a timely manner. However, if certain circumstances arise, you may need to file a late S corporation election. This guide...
Filing taxes by entity
5 min read
Late S corp election: How to file it after the deadline
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Ines Zemelman, EA
• 10.04.24
Form 2553: How to elect an S corp tax status
Choosing a tax classification for your business is one of the first and most important steps in setting up. However, in some situations, businesses might have reasons to change their tax status when already operating.  The Internal Revenue Service (IRS) allows such changes through specific regulations. To elect an S corporation tax status...
Filing taxes by entity
5 min read
Form 2553: How to elect an S corp tax status
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Ines Zemelman, EA
• 09.04.24
How to file taxes for an LLC with no income: a comprehensive guide
"Tax compliance is not just about paying what you owe but also about understanding the opportunities within the tax code. An informed approach to filing your LLC taxes, even with no income, is a step toward financial savvy and business success." – Tax Expert Starting a Limited Liability Company (LLC) is a significant step toward...
Filing taxes by entity
5 min read
How to file taxes for an LLC with no income: a comprehensive guide
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Ines Zemelman, EA
• 29.03.24
How to pay yourself from an LLC - guide for business owners
For owners of LLCs, determining the most efficient way to pay themselves is a critical aspect of financial management that directly impacts personal income and tax obligations. The flexibility of an LLC offers numerous benefits, but it also introduces a variety of compensation options, each with its own effects. This article aims to serve...
Filing taxes by entity
5 min read
How to pay yourself from an LLC - guide for business owners
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Ines Zemelman, EA
• 25.03.24
1099 Forms for LLCs: A comprehensive guide to compliance and best practices
Understanding all the complexities of tax obligations while managing an LLC not only ensures compliance with the Internal Revenue Service (IRS) but also optimizes tax benefits. Among the myriad tax forms and requirements, the 1099 form stands out for its relevance to LLCs, especially those engaging independent contractors and...
Filing taxes by entity
5 min read
1099 Forms for LLCs: A comprehensive guide to compliance and best practices
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Ines Zemelman, EA
• 12.03.24
Single member LLCs: A guide to disregarded entities for tax purposes
Whether you're a budding entrepreneur, a professional looking to formalize your business, or simply curious about this business structure, this guide is designed to provide you with a clear understanding of what a single-member LLC is, how it works, and how it differs from other business entities. Our goal is to provide you with the knowledge...
Filing taxes by entity
5 min read
Single member LLCs: A guide to disregarded entities for tax purposes
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Ines Zemelman, EA
• 12.03.24
Complete guide to multi-member LLC taxation
As a business owner, understanding the nuances of how your LLC is taxed is critical to making informed financial decisions. This guide is designed to demystify the complexities surrounding multi-member LLCs and help you navigate the tax landscape with confidence. What is a multi-member LLC? A multi-member LLC, which embodies the LLC...
Filing taxes by entity
5 min read
Complete guide to multi-member LLC taxation
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Ines Zemelman, EA
• 12.03.24
How to change an LLC to an S corp: Guide for business owners
When starting a business, choosing the right structure is critical to its success and growth. Many business owners choose an LLC for its flexibility, simplicity, and protection. However, as the business grows, the initial structure may no longer be in the best interest of the business in terms of tax benefits and growth potential. In this...
Filing taxes by entity
5 min read
How to change an LLC to an S corp: Guide for business owners
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Ines Zemelman, EA
• 12.03.24
How to change an LLC to a C corp: Guide for business owners
When business owners reach a certain stage of growth or start planning for the future, they often consider changing their business structure to better suit their needs. One common transition is to convert an LLC to a C corp. This decision can have a significant impact on the company's financing options, tax obligations, and growth...
Filing taxes by entity
5 min read
How to change an LLC to a C corp: Guide for business owners
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Ines Zemelman, EA
• 08.03.24
Tax classification for LLC: 4 options for small business
A limited liability company (LLC) is one of the most common types of legal business entities. Even if something goes wrong with your business, your personal assets will remain safe from potential liabilities. The key benefit of an LLC is the opportunity to choose how you want to be taxed. LLCs do not have their own tax classification;...
Filing taxes by entity
5 min read
Tax classification for LLC: 4 options for small business
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Ines Zemelman, EA
• 08.03.24
11 types of LLCs for small business
A limited liability company (LLC) is a business structure that protects its owner's or owners' personal assets and retains the tax advantages of a partnership or sole proprietorship.  LLCs are easy to form and run, simplify taxes, and require fewer corporate formalities. These are the reasons why LLC is so popular among small businesses in...
Filing taxes by entity
5 min read
11 types of LLCs for small business
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Ines Zemelman, EA
• 08.03.24
The beginner's guide to filing business taxes for your LLC
Welcome to the world of LLC tax filing! Being a seasoned CPA, I realize that filing taxes for your LLC for the first time can seem daunting and even a bit scary, doesn’t it? So, this guide is designed to illuminate the path and provide you with the knowledge of how to file taxes for your LLC. Understanding your LLC's tax...
Filing taxes by entity
5 min read
The beginner's guide to filing business taxes for your LLC