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Many small businesses operate as sole proprietorships. Here are eight tax issues involved in operating as this entity.

Does your startup business have little or no income tax liability? You may be eligible for a payroll tax credit election for increasing research activities.

If you can’t file by the April 18 tax deadline, here’s what you should do to avoid steep penalties.

Recently, the IRS has released updated instructions related to two new schedules that may be required to be filed for the tax returns of pass-through entities for tax years beginning in 2021.

How much can you contribute to a 401(k) plan for 2022? How much is the standard deduction? How much do you have to earn this year before you can stop paying Social Security on your salary? Here are some answers to these and other tax-related questions for 2022.

In general, married couples who file jointly save more money on taxes than those who file separate returns. However, there are situations when filing separately is a better option.

Traditional or Roth IRA? Here are the differences in these retirement savings accounts.

A careful approach to keeping business records can protect your tax deductions and help make an IRS audit much less difficult. Here are two cases to illustrate some of the issues involved.

Entrepreneurs be aware: Not all start-up expenses can be deducted on your federal tax return right away. Some may have to be amortized over time.

April 18 isn’t only the income tax return deadline. It’s also the gift tax return deadline for people who made large gifts last year. Find out if you’re required to file a 2021 gift tax return this April. (Note: you may want to file one anyway).