Archive for May 2025
How is an LLC Taxed?
Understanding LLC Taxation: Pass-Through or Corporate Taxation? When you form a Limited Liability Company (LLC), one of the most important decisions you’ll face is how your business will be taxed. LLCs offer tremendous flexibility, allowing owners to choose between pass-through taxation and corporate taxation. Understanding these options is crucial to optimizing your tax strategy and…
Read MoreSpouse Forged Your Signature on a Tax Return? What Are Your Rights?
When Spousal Signatures on Tax Returns Become a Problem It’s not unusual for one spouse to sign a joint tax return on behalf of the other. While this isn’t technically proper procedure, the IRS typically accepts it without issue. However, serious complications can arise if one spouse later objects to their signature being forged—even by…
Read MoreWhat Type of Tax Professional Do I Need?
Choosing the Right Tax Expert Everyone should have their taxes prepared by a licensed individual who has had to prove competency, and you should be well aware of exactly what credentials and rights your tax preparer holds. So let’s take a quick look at the four types of preparers/representatives you will come across. Tax Preparer…
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