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" ...

Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. Update (Nov. 8, 2024): The IRS has officially introduced its new form ...

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 ...

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 ...

Sometimes a limited liability company, or LLC, has a year with no business activity. For example, a newly formed LLC might not have started doing business yet, or an older LLC might have become ...

Business entity type and tax structure impact your organization’s finance and compliance requirements. Two popular choices are limited liability companies (LLCs) and S-corps. Although the arrangements ...