The legislation it refers to made various changes to the Internal Revenue Code that made it significantly easier for the IRS ...

Therefore, it is not surprising that the IRS has noticed a significant uptick in partnership income tax return filings in the last decade. Congress also noticed. In late 2015, it enacted the ...

The LLC files an informational partnership tax return and the members also report the LLC's income and expenses on their personal tax returns. By default, an LLC with one member is classified as a ...