There has been much heated debate over the federal taxation of this. CA residents and politicians are working hard to make this exempt. Rather than summarize wh...
Even though the two single member LLCs are disregarded entities, if each has revenue and expenses, it would be best to report them separately on a Schedule C. I...
Got it...I thought you were referencing Schedule B on 1040. Taxable gifts made in prior years are reported on Schedule B.That is the purpose of this Schedule. S...
Generally, Form 709: U.S. Gift Tax Return is required if any an individual makes one or more gifts to any one person (other than his or her citizen spouse) that...
To balance them out since you both provide services to each business line, you could pay one business for the services provided by the other, in that way you ac...
