Eric E. Ehrenberg

Investing in a Limited Partnership? Beware of the PAL Rules

In businesses structured as limited partnerships, the advantage of being a limited partner (as opposed to a general partner) is that you're typically not personally liable for the partnership's debts. This is why many ventures use limited partnerships to attract investors—because, as a limited partner, your liability is generally confined to your investment, which includes your initial capital contribution and any additional amounts you're required to contribute.

Estate Planning: Review Your Beneficiary Designations Regularly

You may think of a will or living trust as the primary place to dictate who'll receive your assets...

Related Business Entities Must Understand Transfer Pricing Before Crossing Borders

As businesses grow, they may decide to operate in different states or countries using related...

4 Types of Deductible Interest Expense for Individuals

How can you deduct interest expense on your 2025 individual federal income tax return and beyond?...

Tax Prep Tips ... Straight From the IRS

It's officially tax season. As you prepare your 2025 return, you can turn to many resources for...

Put Your Small Business Financial Knowledge to the Test

How would you rate your financial literacy? Most small business owners (84%) don't have a business...

Recent Tax Law Changes: 10 Provisions Employers Need to Know

The One Big Beautiful Bill Act (OBBBA) includes a number of tax law changes that affect employers....

Traveling for Business with Your Spouse

If you're a business owner, you may have upcoming business trips on your agenda. The idea of taking...

QBI Deduction: How the OBBBA Improves the Rules

Many owners of pass-through businesses and self-employed individuals have taken advantage of the...

Massive Budget Law Includes Numerous Business Tax Provisions

The new One, Big, Beautiful Bill Act (OBBBA) is packed with tax provisions that will affect U.S....