Partnerships don’t pay federal tax; income, losses, and credits pass to partners, who report them. Learn more about partnership taxes here. Do you have a great business idea, but you’re not sure you ...

Partnerships are not subject to income tax at the entity level. Instead, they operate as pass-through entities, meaning the ...

Filing taxes can be a project for business owners. Here are some products that help you start prepping for the 2026 tax season.

Business owners need a good understanding of required federal, state, and local taxes. Filing business-related taxes can be a time-consuming and complicated process, especially for new entrepreneurs.

Likely, either the partnership or limited liability company is the most flexible of entities now available for business- or investment-related ventures. Whether either such entity is a partnership for ...

Taxpayers often use entities characterized as partnerships for federal income tax purposes to conduct their business activities. In addition to offering limited liability (e.g., limited liability ...

An overview of the US federal income tax rules that apply to partnership divisions, including guidance on determining whether a transaction is treated as a partnership division, the tax form of a ...

Business entity choice determines whether heirs get stepped-up basis on farm assets or just ownership shares upon death.

In its 2003-2004 term, the U.S. Supreme Court will consider whether the Internal Revenue Service may collect partnership tax liabilities against a partnership’s general partners without first making ...