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An LLC was formed in the State of Florida. Articles of

An LLC was formed in the State of Florida. Articles of Organization read its an LLC . Received the SS-4 letter which states form 1065 is to be filed. The owners of this new LLC are calling themselves gen ptr and not members. Asked for the Operating Agreement and received a Partnership Agreement that they created themselves. Question is for the 1065 question on the partners , are they General Partners or LLC Manager, Limited Partner (I don't think so) or LLC Members? What is the difference

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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Trying to find out if I have to pay taxes on LTD monthly

trying to find out if I have to pay taxes on LTD monthly paymentsJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I have a copy of my group LTD policy from Cigna and I pay my premiums after taxes using payroll deduction my company doesn't contribute all moneyJA: Is there anything else the Accountant should be aware of?Customer: I was paid 6 months and they dropped me and I received a W2 that had an amount in box 1 and a different amount in box 3 and 5 and box 13 had third party six pay but I stopped working in dec 2014

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,694 satisfied customers
My wife is the owner of an LLC we created about a year and a

My wife is the owner of an LLC we created about a year and a half ago.It was dormant with no business until two months ago when I decided to really put energy into it.(I was unemployed and believed I had a non-compete,which I didn't).It is an llc taxed as c-corp by default.I am thinking that it would be better if I became owner so that we can make it a single member LLC since I am the only one working.Is this the best for us?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,694 satisfied customers
Double taxation Worked in US for 14 years - made a lot of

Double taxationWorked in US for 14 years - made a lot of money - a lot - didn't pay us taxes but rather Italian. - he is Italian.

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Mark Taylor

Certified Public Accountant

Masters

1,228 satisfied customers
I am a US citizen and i was working abroad for a couple of

hi, i am a US citizen and i was working abroad for a couple of yearsJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: i filed my foreign income during those years now i plan to wire transfer my savings in the foreign acc bank to my US acc do i need to report this IRS?JA: Is there anything else the Accountant should be aware of?Customer: that is all those are savings from my work abroad now i am bringing the $ back to US

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,694 satisfied customers
I recently made an LLC.I am the owner and the only one

I recently made an LLC.I am the owner and the only one working right now.I have a person that will join me as a 1099 soon.My question is,Should my company be an LLC taxed as an S -Corp or a C-corp?Later on my wife will join us also,when needed.

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Barbara

Enrolled Agent, Paralegal

5,132 satisfied customers
Accounting and taxation For USA Is there a website which is

Accounting and taxation For USAIs there a website which is a good source of advising for taxation rules for overseas investors in USA ?Thank you

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Dr. Fiona Chen

President

Ph.D.

550 satisfied customers
I have a fairly involved tax question regarding a settlement

I have a fairly involved tax question regarding a settlement of a lawsuit and what tax burdens will be as owner of a S-corp.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,694 satisfied customers
Which form 433 should an owner/employee of his own S corrp

Which form 433 should an owner/employee of his own S corrp use when he is doing an Offer in compromise? Dave

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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