Tag Archives: IRS Business Taxes

How much should a small business put away for taxes?

Posted on May 8, 2020 by Sandra James

Are you running a small business but aren’t sure how much you should be putting away for taxes? It’s an important question that many owners face. Without the right preparation, you could be hurting by the time April rolls around. … Continue reading →

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What taxes does an LLC pay?

Posted on April 24, 2020 by Sandra James

An LLC or Limited Liability Company is a type of private business not subject to as many laws as standard businesses which makes the structure more flexible. An LLC cannot be double-taxed because the pass-through status allows them to report … Continue reading →

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Can a corporation get a tax refund?

Posted on November 15, 2019 by Sandra James

  Corporations and tax refunds, do the two mix? Do the two mix? Yes, but it depends on the business and situation. The tax circumstances are a large factor. C-corporations are the ones that usually get a tax refund. The … Continue reading →

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Are Business Tax Returns Public Records?

Posted on October 18, 2019 by Sandra James

The short answer is no. Corporate tax returns are private, simply because they are deemed confidential and are protected under Section 6103 of the Internal Revenue Code, as enacted by the Tax Reform Act of 1976. Because of this, corporate … Continue reading →

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