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Are 501C3 Stock Investment Profits Tax-Exempt?
As long as a 501(c)(3) corporation maintains its eligibility as a tax-exempt organization, it will not have to pay tax on any profits. Read more…

LLC Tax Filing Rules
If you operate your business using a limited liability company (LLC), then you have more flexibility in choosing how the IRS taxes your business earnings. Your choice will directly influence the tax filing rules you are subject to. There is no set of tax rules that specifically apply to LLCs; the IRS allows the LLC to use partnership, corporate or sole proprietor tax rules. Read more…

Video: Guide to Payroll Taxes
As an entrepreneur, you probably realize that there are some business expenses you just can't control—like the payroll taxes you have to pay for yourself and each person you employ. Watch this video to find out more about payroll taxes and how they may affect your business. Read more…

When the IRS Classifies Your Business as a Hobby
If your business claims a net loss for too many years, or fails to meet other requirements, the IRS may classify it as a hobby, which would prevent you from claiming a loss related to the business. If the IRS classifies your business as a hobby, you'll have to prove that you had a valid profit motive if you want to claim those deductions. Read more…

What is Form 8903: Domestic Production Activities Deduction
Form 8903 is used to claim the Domestic Production Activities Deduction by small and large businesses. This deduction is intended to provide tax incentives for businesses that produce most of their goods or work in the United States rather than sending that work overseas. Read more…


More Small Business Taxes Articles

Mobile Phones, Internet and Other Easy Tax Deductions Tax Advantages to Incorporating What Is the IRS Form 941? How to Pay Employer Federal Taxes How Do You Get a Business Tax ID Number? What Online Business Owners Should Know about IRS Form 1099-K What is Schedule F: Profit or Loss from Farming What is Form 8919: Uncollected Social Security and Medicare Tax on Wages What Is Schedule J: Income Averaging for Farmers and Fishermen Startup Business Tax Tips How Does IRS Form 1095-B Affect Small Businesses? Does Your Company Need to File Form 1095-B? What Is Form 8941: Credit for Small Employer Health Insurance Premiums What is Form 4136: Credit for Federal Tax Paid on Fuels What Is IRS Form 720? A Guide to Paying Quarterly Taxes How the PATH Act Benefits Small Business Owners A Mechanic's Guide to Tax Deductions A Self-Employment Tax Guide for Therapists How to Get a Small Business Loan and Navigate the Tax Implications The Payroll Tax Credit and Other Stimulus Programs for COVID-19 2020 Stimulus: Does My Small Business Qualify for an Economic Injury Disaster Loan (EIDL)? What is the Paycheck Protection Program (PPP) Loan? The 2021 Tax Deadline Extension: Everything You Need to Know Starting a New Startup Business Business Tax Preparation Taking Business Tax Deductions Reporting Self-Employment Business Income and Deductions Small Business Break: Get a Refund of Taxes Paid in Previous Years Depreciation of Business Assets When and How to Incorporate Can Cellphone Expenses Be Tax Deductible with a Business? S-Corp Federal Tax Filing Dates Do Chapter Sub S Corps File Personal Tax Returns? Driving Down Taxes: Auto-Related Tax Deductions What is a Schedule K-1 Tax Form? Estimated Taxes: How to Determine What to Pay and When Business Use of Vehicles Summary of Business Tax Law Changes 2010-2017 Setting Up a Home Office Video: Can I Deduct the Cost of a New Computer on My Taxes? Closing a Business Filing a Business Tax Extension Managing Assets Video: IRS Rules for Reasonable Business Expenses Starting a Business Limited Liability Company Taxes Estimated Taxes: Common Questions The Home Office Deduction How to File Federal Income Taxes for Small Businesses Video: Tax Tips for Small Businesses Can I Write Off Credit Card Interest on My Taxes? Video: What is Schedule C-EZ: Profit or Loss from a Business? How an S-Corp Can Reduce Your Self-Employment Taxes Tax Tips for Sole Proprietors Affordable Care Act (Obamacare) Survival Guide For ALEs What is IRS Form 8829: Expenses for Business Use of Your Home What is Form 8881: Tax Credit for Small Employer Pension Plan Startup Costs Little-Known Tax Tips for Small-Business Owners New Small Business Legislation Benefits Both Businesses and Individuals Who Pays the Transient Occupancy Tax? Penalties for Missing the 1099-NEC or 1099-MISC Deadline Is Interest on Credit Cards Tax Deductible? What is Excise Tax? What is Form 8995? What is Form 8995-A? Standard Mileage vs. Actual Expenses: Getting the Biggest Tax Deduction Maximizing Tax Deductions for the Business Use of Your Car What Is the IRS Form 4562? Can I Convert My LLC to an S-Corp When Filing My Tax Return?

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