Industry News

The Benefits of the Pass-Through Entity Tax When looking at a C Corporation, the business pays its own federal and state taxes. Because of this, the C Corporation can deduct on its federal return all the state tax expenses it pays. Pass-through entities that are being taxed as an S Corporation or Partnership, generally do…

IRS Announces Changes to Amended Return Refund Process To make a change to a previously filed return which had an error or omission, individuals must file an amended return with the Internal Revenue Service (IRS). Originally, the return had to be printed and mailed to the IRS, which could take six to eight months to…