Karla Dennis, EA, MST & CEO of The Award Winning Tax Accounting Firm, Karla Dennis and Associates Inc.—Specializing In Tax Planning. You seriously want to be like Mrs. Jones when you grow up. Now you ...

A small-business owner who owns real property, including real estate, buildings and building improvements, defaults to a sole-proprietor status for tax and legal purposes, but he can choose to ...

A limited liability company generally shields its members from being personally liable for the debts and obligations of the business. To accomplish this, it is necessary for the members to distinguish ...

Q: My question revolves around how to calculate the cost basis of a rental property. The property was originally a personal residence but has now been transferred into a sole-member limited liability ...

As a staff writer for Forbes Advisor, SMB, Kristy helps small business owners find the tools they need to keep their businesses running. She uses the experience of managing her own writing and editing ...