Tax Guides
7 guides on LLC & S-corp · show all guides
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LLC & S-corpSep 19, 20269 min
Small Business Taxes Guide: Every Federal Tax You Owe and When It's Due
In this small business taxes guide, here is every federal tax a new owner faces, in the order I walk clients through it. If you run a business on your...
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LLC & S-corpSep 19, 202610 min
S-Corp Taxes Explained: What Changed the Day You Elected, and the Salary Rule Nobody Mentioned
If you want S-corp taxes explained without the sales pitch, here is the whole thing in two sentences. An S corporation generally pays no federal income tax itself — its...
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LLC & S-corpSep 17, 20269 min
What Is a K-1? Your Share of the Partnership's Income — and the Tax Bill That Comes With It
What is a K-1? It's the form a partnership uses to tell you — and the IRS — your share of the business's income, deductions, and credits for the year....
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LLC & S-corpSep 16, 20268 min
Filing LLC Taxes With No Income: When You Can Skip the Return and When One Expense Changes Everything
Filing LLC taxes with no income comes down to one test in the partnership regulations. A multi-member LLC taxed as a partnership does not have to file Form 1065 for...
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LLC & S-corpSep 14, 202611 min
How to File Taxes for an LLC Partnership: Form 1065, K-1s, and the March 15 Deadline
If you're working out how to file taxes for an LLC partnership, the answer is two returns: the LLC files Form 1065 by March 15 and gives each member a...
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LLC & S-corpSep 12, 202614 min
How to File Taxes for an LLC in Your First Year (2026 Guide for New Owners)
To file taxes for an LLC in its first year, use the form that matches its IRS classification: a single-member LLC files Schedule C with your personal 1040, a multi-member...
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LLC & S-corpJul 4, 202610 min
You Brought On a Partner — Here's How Multi-Member LLC Taxes Work in 2026
Two brothers ran their family's Arizona concrete contracting company. Bruce Johnson was paid $4 million in officer compensation over several years. His brother Donald received $7.3 million. The IRS looked...