How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Barbara Your Own Question
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 2856
Experience:  18+ years of experience in tax preparation; 25+ years of experience as a real estate/corporate paralegal.
71603090
Type Your Tax Question Here...
Barbara is online now
A new question is answered every 9 seconds

Second opinion] - I am looking to convert my LLC to a C

Customer Question

Second opinion] - I am looking to convert my LLC to a C Corporation. I wanted to know if it's better to do that effective Jan 1st 2017 or right away from a tax perspective?
Submitted: 17 days ago.
Category: Tax
Expert:  Barbara replied 17 days ago.

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

From a tax perspective, convert your LLC to a C corporation as of 1/1/17. This way you can avoid the double taxation that a C corporation causes for several months left in this year.

Of course, you will also avoid having two different reporting entities for 2016.

Please let me know if I can assist you further.

Thank you and best regards,

Barb

Expert:  Barbara replied 16 days ago.

Just following up with you to see if you have any other questions. If so, please let me know so I can further assist you.

Best regards,

Barb

Related Tax Questions