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2. Low-profit limited liability company - Wikipedia

   en.wikipedia.org/wiki/Low-profit_limited...

   A low-profit limited liability company (L3C) is a legal form of business entity in the United States. [1] Commonly referred to as a hybrid structure, it has characteristics of both for-profit and non-profit entities. [ 1 ]

3. Limited liability company - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_company

   The default tax status for LLCs with multiple members is as a partnership, which is required to report income and loss on IRS Form 1065. Under partnership tax treatment, each member of the LLC, as is the case for all partners of a partnership, annually receives a Form K-1 reporting the member's distributive share of the LLC's income or loss ...

4. Entity classification election - Wikipedia

   en.wikipedia.org/wiki/Entity_classification_election

   The tax treatment of the conversion to a corporation of a foreign eligible entity treated as a disregarded entity would be consistent with current Treasury regulations and relevant tax principles. The proposal was eventually dropped again due to criticism from businesses, and it was not included again in the 2011 budget proposal either.

5. Are Legal Fees Tax-Deductible? - AOL

   www.aol.com/finance/legal-fees-pay-tax...

   However, tax-deductible status also depends on personal tax situations, adding another layer of complexity to the mix. The legal fees associated with the following types of expenses and claims are ...

6. Are financial advisor fees tax deductible? - AOL

   www.aol.com/finance/financial-advisor-fees-tax...

   As of January 2018, these fees no longer contribute to reducing your tax bill. Before the TCJA, investors could deduct financial advisor fees if they exceeded 2 percent of their adjusted gross ...

7. Flow-through entity - Wikipedia

   en.wikipedia.org/wiki/Flow-through_entity

   [11] Brownback's tax overhaul created pass-through income tax exemptions as well as trimming income tax, eliminating some corporate taxes. [10] From 2013 to 2017, Kansas experienced budget shortfalls culminating in a $350 million budget shortfall in February 2017, which "threatened the viability of [the state's] schools and infrastructure". [ 10 ]

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