The tax rules allow companies to write off their losses against income and thus lower their overall tax hit. Taking the deduction for property you sold can get tricky, however, because this involves ...

A definitive summary of the US income tax implications affecting investors in publicly traded partnerships. Understanding the K-1 received from the partnership and reporting current year activity.

Depending on the type of business you own, when you decide to sell your business, you might have to notify the Internal Revenue Service. In addition, you must also file your final payroll tax return, ...