As clients' businesses evolve, it sometimes makes sense for them to change how their companies are taxed. And I expect that occasionally you've encountered clients who made a change at one point but ...

Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like insurance, ...

High-earning solopreneurs often operate without a deliberate business structure in place. They file as sole proprietors by default, sometimes because it's the path of least resistance, sometimes ...

There have been many tax law changes in the last decade, from the big changes of the 2018 Tax Cuts and Jobs Act (TCJA) and temporary Covid-era rules from the CARES Act to the subsequent SECURE 2.0 and ...

*This article was updated on March 20, 2025. Section 1202 provides for a substantial exclusion of gain from federal income taxes when stockholders sell qualified small business stock (QSBS).[1] But a ...

Many startup businesses are started as one of three business entities: a Limited Liability Company (LLC), an S corporation, or a C corporation. So how do they differ, and which is the best startup ...

Filing taxes for your LLC as an S Corp allows an owner-operator to designate him- or herself as an employee of the LLC yet to still report the income of the business on their personal tax return. S ...

IRC section 1363(d) generally requires a C corporation that elects to become an S corporation to include a “Lifo recapture amount” in its gross income. The amount is the difference between the ...