Businesses that need extra time to file their tax returns can request an automatic extension using IRS Form 7004, ...

Sometimes a limited liability company, or LLC, has a year with no business activity. For example, a newly formed LLC might not have started doing business yet, or an older LLC might have become ...

Federal taxes and the IRS are enough to worry about -- but most Americans must also remember to pay state taxes. Despite that, there is a bit of relief. A dozen states cut their income tax rates ...

If the Income Tax Return (ITR) is not filed within the due date, a person may have to pay a late fee up to ₹5,000 and also interest on unpaid tax. More importantly, business losses or the capital ...