Can My LLC Pay for My Health Insurance?

An LLC’s federal tax classification determines the correct procedure for paying for an owner’s health insurance and claiming the proper tax deductions.

How Are Taxes on Commodities Handled?

Discover how the tax treatment for commodity investments is shaped by the structure of the financial product, not just the underlying asset.

Do Guaranteed Payments Affect Tax Basis?

Understand the dual impact of guaranteed payments on a partner’s tax basis, which increases basis as income while also decreasing it via a partnership deduction.

Does Arizona Tax Social Security Income?

Understand Arizona’s distinct tax treatment for Social Security and other retirement income to accurately determine your state tax obligations as a retiree.

Is It Better to Withhold Taxes or Not?

Understand the trade-offs between maximizing take-home pay and meeting yearly tax obligations to make an informed decision for your financial situation.