When you’re setting up a business, choosing the right corporation type can feel like a big deal. It’s not just about the name ...
The TCJA fundamentally relaxed the rules on S corporation ownership by allowing nonresident aliens to be potential current beneficiaries of ESBTs and, therefore, indirect corporation shareholders.
This generally includes LLCs and private corporations such as S corporations ... file ownership information with the federal government have no CTA filing obligations. The rules are an effort ...
The BBA rules that allow a third party to act on behalf of the partnership, as well as the change in IRS adjustments being assessed at the partnership level, bring significant new challenges for tax ...