Many married couples create an LLC to own rental properties, which provides them with liability protection. After establishing the LLC, they often have an important tax question: Does the LLC require them to file a partnership return? The answer depends largely on where they live and how they own the property. Federal tax rules treat any unincorporated business with two owners as a partnership by default. When a husband and wife form a two-member LLC, the IRS typically requir

If you’re involved in a real estate or investment venture with one or more parties—perhaps co-owning property or collaborating on a...

If you are a member of a multi-member LLC taxed as a partnership or a traditional partnership, you may sometimes pay for business...