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Can or Should an LLC be a Shareholder of an S Corporation?

By taxingtimes on Dec 11, 2014 in LLC, S Corporation, Tax

By: Amanda Wilson Many private companies utilize S corporations in their ownership structure, as they provide beneficial tax treatment. In order to qualify as an S corporation, the corporation can have only certain types of shareholders....

Have a Florida LLC? If So, Be Prepared for 2015

By taxingtimes on Nov 12, 2014 in LLC, Tax

By: Amanda Wilson Does your business use one or more Florida LLCs or limited liability companies? If so, you need to be aware that as of January 1, 2015, the Florida Limited Liability Company Act will be completely replaced with the Revised Limited...

April 15th Offers an Important Tax Planning Opportunity for Partners

By taxingtimes on Jan 12, 2014 in Other, Federal Income Tax, LLC, medical marijuana, Tax, Tax Day, Taxes

By:  Amanda Wilson April 15th is usually greeted with dread as tax day.  However, April 15th also offers an important tax planning opportunity for partners in partnerships (including limited liability companies that are treated as partnerships for...