Form 7202 will allow tax credits on taxpayers’ 2020 filing if they had to take leave between April 1 and Dec. 31, 2020, if they or a family member had COVID-19. The FFCRA was passed in March ...

Limited liability company (LLC) or S corporation ... corporations, LLCs may have fewer reporting requirements and therefore be easier to manage. Typically, when individuals are deciding to form ...

To be eligible for S corporation tax benefits, the small business must complete and submit Form 2553 to the Internal Revenue Service. The business is not permitted to take advantage of pass ...

Starting with returns for 2021, the IRS mandates attaching a new form: the 7203, “S Corporation Shareholder Stock and Debt Basis Limitations.” The form is required for shareholders reporting a ...

Form 7202 will allow tax credits on taxpayers’ 2020 filing if they had to take leave between April 1 and Dec. 31, 2020, if they or a family member had COVID-19. The FFCRA was passed in March ...

The coronavirus pandemic has wreaked havoc on our economy, leaving hundreds of thousands of Americans without the income they had before March 2020. Because of this, the Internal Revenue Service ...