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2. Limited liability company - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_company

   For U.S. federal income tax purposes, an LLC is treated by default as a pass-through entity. [24] If there is only one member in the company, the LLC is treated as a "disregarded entity" for tax purposes (unless another tax status is elected), and an individual owner would report the LLC's income or loss on Schedule C of his or her individual ...

3. Partnership taxation in the United States - Wikipedia

   en.wikipedia.org/wiki/Partnership_taxation_in...

   The rules governing partnership taxation, for purposes of the U.S. Federal income tax, are codified according to Subchapter K of Chapter 1 of the U.S. Internal Revenue Code (Title 26 of the United States Code). Partnerships are "flow-through" entities. Flow-through taxation means that the entity does not pay taxes on its income.

4. Entity classification election - Wikipedia

   en.wikipedia.org/wiki/Entity_classification_election

   The IRS uses the information entered on the form to establish the entity's filing and reporting requirements for federal tax purposes. [3] Certain domestic and foreign entities that were in existence before January 1, 1997, and have an established federal tax classification generally do not need to make an election to continue that classification.

5. 5 best tax software to maximize your return in 2025: From ...

   www.aol.com/finance/best-tax-software-110528837.html

   It provides free federal tax filing for all tax situations, including income from retirement, investments, rentals and self-employment. This makes FreeTaxUSA one of the most economical options ...

6. The IRS will start accepting 2024 federal tax returns on ...

   www.aol.com/irs-start-accepting-2024-federal...

   The official start date of this year’s tax filing season will be January 27, the IRS said Friday. That is the first day the agency will start accepting and processing 2024 income tax returns ...

7. Taxation in the United States - Wikipedia

   en.wikipedia.org/wiki/Taxation_in_the_United_States

   Income taxes in the United States are self-assessed by taxpayers [55] by filing required tax returns. [56] Taxpayers, as well as certain non-tax-paying entities, like partnerships, must file annual tax returns at the federal and applicable state levels. These returns disclose a complete computation of taxable income under tax principles.