This is read by an automated voice. Please report any issues or inconsistencies here. Business tax breaks cut federal revenues by $77 billion this year, fattening the pockets of rich corporate ...

Situation: Your client owns a small business that operates as a subchapter S corporation. She elected S corporation status when the individual tax rates were lower than those for a C corporation. When ...

The Trump administration is moving on two economic fronts that critics say starkly reveal its priorities—expanding tax breaks for wealthy corporations while cutting food aid for low-income Americans.

LLCs changing from partnership tax treatment to corporation or vice-versa may encounter issues including gain recognition.