The IRS provided transition penalty relief Tuesday to partnerships in complying with new rules for reporting partners’ capital account balances. As it explained in the notices and news release, the ...

Your business's balance sheet shows how much your company is worth, how much it owes and how much you'd have left if you paid off the debts today. Capital investments, such as land or vehicles that ...

Small businesses can sell shares of their stock without going public by following the Securities and Exchange Commission's regulations. Your corporate books must keep track of who purchased or sold ...

When Steven Kherkher withdrew as a partner at Houston plaintiffs firm Williams, Kherkher, Hart & Boundas in early 2019, he agreed to stay on in a lesser role to try cases, but expected to receive ...

When acquiring or selling a company, many nuances exist in various stages of the process, some of which are not readily apparent on their face. One of those nuances is the interplay between accounts ...

On Thursday, the IRS released an early draft of the instructions for Form 1065, U.S. Return of Partnership Income (IR-2020-240). The IRS is accepting comments on the draft instructions for 30 days and ...