S Corp & LLC Tax Preparation Checklist
An LLC and an S corporation are not interchangeable tax terms. An LLC is created under state law, while its federal tax treatment depends on its ownership and any elections it has…
Read article →Port Washington, New York
Business tax articles.
Business tax articles covering S corporations, LLCs, return preparation and the records connecting your business and personal taxes. Guidance from Go Tax Dude.
Explore business tax preparation →Explore our articles.
Tips and insights on taxes, bookkeeping and running a business.
Browse topics
Keep Filed Business Returns and Payment Records Together
The preparer finished the return and you signed the authorization. Months later, a question arrives about what was filed or paid. A folder containing only a draft PDF may not answer it.…
Read article →How Your Business Return Connects to Your Personal Tax Return
Your business records may be ready, while your personal return is waiting for information. Or you may own an LLC and wonder whether there is a separate federal business income tax return…
Read article →Why Your Business Tax Return May Differ From Your Profit and Loss Statement
Your profit and loss statement reports one number, while your business tax return appears to report another. That difference is a question to investigate, not automatic evidence that either document is wrong.…
Read article →Working With Contractors? Organize Vendor Records Before Tax Time
Your business paid several contractors during the year. Now the books show expenses, but the payee names, tax documents and payment methods are scattered across emails and apps. A reliable vendor file…
Read article →Articles provide general information, not advice for your specific situation. Check the publication date and current guidance before acting.