On January 23, 2026, the IRS Office of Chief Counsel released Field Attorney Advice (FAA) 20260401F (dated November 28, 2022) to address a promoted strategy involving the purported transfer of ...

On January 23, 2026, the Internal Revenue Service (the “IRS”) publicly released Field Attorney Advice 20260401F (the “FAA”) 1, in which the Office of Chief Counsel rejected a promoted "charitable LLC" ...

For many business owners—especially those investing in real estate—forming an LLC feels like a no-brainer. Limited liability?

Are you considering establishing your business as a limited liability company (LLC)? Perhaps your business is growing and becoming more complex. Maybe you wish to manage your exposure to risk as a ...

Saad Imran is a personal finance writer with expertise in insurance, loans, credit cards and mortgages. When not writing, he’s a cat enthusiast who loves playtime with his furry companion. Shelby ...

One of the most significant considerations when choosing a business structure for your company is: “Will it give me the most favorable tax outcome?” And the entity type you select impacts how the IRS ...

A limited liability company (LLC) offers liability protection and operational flexibility, but the costs, paperwork, and ...

The IRS is implementing multiple tax code adjustments for the 2026 filing season, alongside a new records checklist aimed at LLCs. Changes include higher standard deductions, updated tax brackets, and ...