Taxpayer guide
Plain-English guides on how taxes work, business structures, deductions, and best practices.
Tax Basics
4Business Entities
6Sole Proprietor
No formal entity, you are the business
Single-Member LLC
Same taxes, but with liability protection
Multi-Member LLC
Taxed as a partnership by default
S Corporation
Pass-through with SE tax savings
C Corporation
Separate entity, 21% rate, double taxation
Partnership
Form 1065 and K-1 pass-through