Business entities structured as S Corporation must reimburse its employees, including shareholders employees, for any business expenses paid and/or incurred during the tax year before the close of th...
In 2021, Congress enacted the Corporate Transparency Act. This law creates a beneficial ownership information reporting requirement for millions of businesses across the country. Beginning January 1,...
The Internal Revenue Service provided tax relief for individuals and businesses in parts of Tennessee affected by severe storms and tornadoes that began on Dec. 9. These taxpayers now have until J...
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