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Tax Credits You May Claim Now

MyIRSRelief

That’s why so many people choose to hire a tax preparer/ EA, Attorney, CPA, they don’t want the hassle of doing it themselves, and they trust an expert to handle their business. Tax credits to look out for. Earned Income Tax Credit (EITC). Small-business tax credits.

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How are C corporations taxed? Tips on how to avoid double taxation and reduce taxes

ThomsonReuters

In other words, C corps are not taxed as individuals, they are taxed as a business structure that is legally separate from the people who own and operate the business. For fiscal year businesses, the deadline is the 15th of the month six months after the initial fiscal deadline. How do C corps file taxes?

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How are LLCs taxed? LLC tax benefits and tips to reduce taxes

ThomsonReuters

How are LLCs taxed? LLCs are considered “pass-through entities,” which means the LLC itself does not pay federal income taxes on business income. Instead, income “passes through” to individual members of the LLC, who pay federal income tax earned from the LLC via their own individual tax returns.

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