Recordkeeping for Tax Purposes

Recordkeeping for Tax Purposes Which records should you keep? You should keep information that you and the IRS need to determine your correct tax. Everyone should keep the following records. Copies of your tax returns. Keep copies of your tax returns as part of your...
Partnerships, S corporations, and Pass-Through Income

Partnerships, S corporations, and Pass-Through Income

Partnerships, S corporations, and Pass-Through Income Here’s a look at some of the more important elements of the new tax law that have an impact on partnerships, S corporations, and pass-through income.  In general, they are effective starting in 2018. New...