The information presented here is for general educational purposes, and should not be construed to apply, necessarily, to your own particular business or tax situation. You should consult directly with a licensed tax or legal professional before making any important business decision including choosing a form of entity, preparing accounting records, or preparing and filing tax returns.

The IRS and state or local tax authorities may or may not agree with the positions taken on this web site. Additionally, regulations, laws, and rulings change often and may not be reflected in the content of this website. Consult your personal tax professional before you take a particular position with the taxing authorities.

For more information, contact Matt Denny, CPA, at Denny & Company, LLP.