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I currently changed my LLC structure from a sole proprietor
I currently changed my LLC structure from a sole proprietor using my social security number on a W9 form from a vendor but recently changed it to a LLC S-Corp Partnership. They sent me another W9 to c… read more
Barbara
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Accountant or Tax Attorney Only Please. Company A (a
Accountant or Tax Attorney Only Please.Company A (a single-member LLC filing as S-corp via IRS form 2553) and Company B (a single-member LLC filing as S-corp via IRS form 2553) jointly own Company C (… read more
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Stephen G.
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I just opened an llc, but have not applied for my 2553 (for
Hello - I just opened an llc, but have not applied for my 2553 (for an s-corp) - I am getting paid by a company asking me to fill out a w-9 … read more
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Lane. I added you as one of my expert and thought to ask you
Hi Lane. I added you as one of my expert and thought to ask you a question. I'm getting very mixed responses to this question, about half of CPAs say one thing, the other half says another thing. Alri… read more
Lane
Lane
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Doctoral Degree
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RE: • S-Corp to LLC • Discarding an Entity, and notifying
RE: • S-Corp to LLC • Discarding an Entity, and notifying the IRS • Business Name Change without Federal Tax ID changeDear *****, Few questions: 1. What are the required steps and/or form to designate… read more
James Daloisio
James Daloisio
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Can a single member llc be taxed as an s corp in Nevada? Can
Second opinion] Can a single member llc be taxed as an s corp in Nevada? Can I use my Nevada LLC business license to drive uber and other 1099 income? Can I use my LLC EIN number for independent contr… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
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I have a question about how to fill a fw9 form. I have an
Hello, I have a question about how to fill a fw9 form. I have an LLC with what will be s corp status. On question 3 I checked individual/sole proprietor since it refers to the tax classification of th… read more
Lev
Lev
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What tax documents do i need to get filled out when
What tax documents do i need to get filled out when invoicing a new client as an LLC in IL? … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
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I started a llc so i could work for a call center. the
i started a llc so i could work for a call center. the company says they only would allow me to choose the scorp or c corp designation on my w-9 form . will there be a problem if i file it as a partne… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
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I have an LLC with a working DBA. But I'm also a contractor
I have an LLC with a working DBA. But I'm also a contractor for another company for a seasonal job. I was wondering while filling out the W9 for the contracted work, if I should use my LLC EIN rather … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
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I had a question about opening an LLC and electing to be
I had a question about opening an LLC and electing to be taxed as an S-Corp … read more
Lev
Lev
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Client was incorporated as a Disregarded entity in 2017.
Client was incorporated as a Disregarded entity in 2017. Client now wants to become an S Corp and wants me to go back to the date of incorporation for the company. When switching from an LLC disregard… read more
Barbara
Barbara
Enrolled Agent, Paralegal
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It is not a tax question per se. I just created an LLC. I am
It is not a tax question per se. I just created an LLC. I am a physician, solo practice and will be a private contractor with a Hospital. When I created the LLC, I did not create it as an S-corp, but that is what I want to do. However, it is not clear to me if I have to fill both the 8832 and the 2553 forms, or only the 2553 form. … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,042 satisfied customers
I have a simple but probably unusual accounting question I
I have a simple but probably unusual accounting question I am an American citizen and I'm interested in setting up an offshore LLC (like a Nevis LLC) to manage my personal investments (in stocks and bonds held in offshore brokerages) and also some consulting work that I do (consulting work is in the US). I would be the sole member. I understand that if I elect to be considered a disregarded entity (in form 2553 and/or form 2883) on my personal income tax return, I would report all income from the Nevis LLC on my Schedule C, but my understanding is that tax returns with Schedule C returns have a much higher risk of being audited (than returns with income on Schedule E, like income from an S Corp) - so as an American citizen is there any way to have a single member offshore LLC and report its income on my tax return like an S Corp's income (Schedule E) would be reported? If no, then if I had a multi-member offshore LLC, could I then report the offshore LLC income on Schedule E? Or is the tradeoff of owning an offshore LLC that the income gets reported on Schedule C and therefore increases the audit risk? … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,042 satisfied customers
I have just created a Single Member LLC (SMLLC) in
I have just created a Single Member LLC (SMLLC) in California. I believe I can now use my Social Security number instead of an EIN, and an SMLLC is a "disregarded entity" from an IRS standpoint. Is th… read more
emc011075
emc011075
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Bachelor's Degree
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My partner has a previous bankruptcy associated with s last
My partner has a previous bankruptcy associated with his last company. We have started our own company and he is listed as a managing member on the certificate of formation as well as the assumed name… read more
Lane
Lane
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Doctoral Degree
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I changed my sole proprietorship to a one-member LLC and I
I changed my sole proprietorship to a one-member LLC and I changed the name slightly. I operated the sole proprietorship under my SSN. Now, I would like to set up a different tax ID for my LLC. How do… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
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* tax law* I have an LLC that was previously taxed as a
* tax law* I have an LLC that was previously taxed as a sole proprietorship, but I am going to file for the tax election to be s-corp going into 2012. How does this affect the way I run my LLC? What e… read more
Rakhi Vasavada
Rakhi Vasavada
Financial and Legal Consultant
Bachelor's Degree
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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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