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Guaranteed payments play a unique role in the taxation of partnerships. They consist of predetermined sums allocated to partners or LLC members, independent of the

Did you know many partners misunderstand how guaranteed payments affect their taxes and financial planning? For anyone involved in a partnership or limited liability company

General partners are actively involved in the operations and management of partnerships. Unlike limited partners who typically contribute capital and remain passive in business operations,

Partnerships are a popular business structure, particularly among professionals and entrepreneurs seeking to combine resources, expertise, and capital. Unlike sole proprietorships or corporations, partnerships require

Did you know that nearly 70% of partnerships are unaware of their specific tax filing requirements? Understanding these obligations is crucial for maintaining compliance and

Did you know that nearly 95% of small businesses in the U.S. are structured to benefit from pass-through taxation? This tax strategy allows profits to

Did you know that partnerships are one of the most common business structures in the U.S., yet many owners remain clueless about how their profits

On June 4, 2025, former President Donald Trump doubled tariffs on imported steel and aluminum from 25% to 50%. While this move was touted as

A Deferred Sales Trust is a legal tool that enables you to sell appreciated assets—like real estate, a business, or investments—while deferring capital gains taxes. Instead