Maite joined the AS USA in 2021, bringing her experience as a research analyst investigating illegal logging to the team. Maite’s interest in politics propelled her to pursue a degree in international ...

If you run your own business, you need a way to identify it to the government when it comes time to do your taxes. The same is also true if you’re the executor of an estate, the creator of a trust or ...

IMGCAP(1)]The IRS offers tremendous flexibility in how a foreign entity may be classified for U.S. income tax purposes. For example, by following certain procedures, a foreign entity can elect be to ...

A tax levy is a seizure of property by the Internal Revenue Service to satisfy an unpaid tax debt. The IRS can legally seize your single-member limited liability company property to satisfy taxes if ...

The IRS on Thursday released Revenue Procedure 2009-41, giving eligible entities guidance on how to obtain relief when they make a late entity classification election. The relief is available for ...

Limited liability companies can be set up by individuals or companies. One reason that the LLC structure appeals to both ownership types is that the IRS allows the LLC to act as a pass-through for tax ...

When choosing a business entity structure, small business owners should consider consulting a lawyer and tax professional to choose the entity that best limits their liability as well as offers the ...