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I just started a LLC in NC, I'm about two weeks away from
I just started a LLC in NC, I'm about two weeks away from opening my car dealership and I'm trying to make sense of this tax setup. My Question is, the forms I received from the formation of the LLC t… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I filed a company as a LLC with the state of New Jersey. I
I filed a company as a LLC with the state of New Jersey. I am now on the IRS website, to apply for a EIN number. When I went to get one, I received this message (see attached).Please let me know what … read more
Robin D.
Robin D.
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I am looking for guidance on how I should set up a single
Thank you. I am looking for guidance on how I should set up a single member (my wife) California LLC. Should I set it up as a disregarded entity? What will happen, for tax reporting purposes, when I a… read more
Lev
Lev
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Not sure if this is the right place to ask. Maybe you can
Not sure if this is the right place to ask. Maybe you can help. We recently changed from a partnership to a single member LLC on our current company. We are now creating a new separate multi member LL… read more
Lev
Lev
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I have a Small Business registered as an LLC. My tax ID is
I have a Small Business registered as an LLC. My tax ID is 27-2612136. Do I need an attorney to change to Sole Proprietor? I do very little business, have no employees and have a tax loss the past two… read more
Barbara
Barbara
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I'm trying to form an LLC and there's so much info out there
I'm trying to form an LLC and there's so much info out there that I'm not sure what to do or how it really works. … read more
Robin D.
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I need to change my LLC to an S-Corp. I would like to file
I need to change my LLC to an S-Corp. I would like to file my 2016 taxes as an S-Corp, but for the whole 2016 I was an LLC. I have been doing my research and it says I can still file form 2553 with th… read more
Lev
Lev
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I filed my business taxes as being self employed last year
I filed my business taxes as being self employed last year but I now need to go back and do a w2 as being an employer of the business which means I will owe taxes(fed, state, medicaid). Is that possib… read more
Robin D.
Robin D.
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What is the time frame to file an 8832 and 2553 single
What is the time frame to file an 8832 and 2553 for a single member LLC to be taxed as an "S" Corp. It was formed in June 2015. The tax return was filed on a Sch C for 2015. The taxpayer wants to be t… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I am told that an S-Corp has the added benefit of allowing
I am told that an S-Corp has the added benefit of allowing owners (shareholders) to be employees, which results in savings on self-employment, social security, and Medicare taxes. Can an LLC also be t… read more
Lev
Lev
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Bachelor's Degree Equivalent
30,424 satisfied customers
If I had an LLC start up in August 2013 but have yet to file
If I had an LLC start up in August 2013 but have yet to file taxes can I still so that and file as a corporation as to keep it separated from my personal taxes and the only income of the company was a… read more
Lev
Lev
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Bachelor's Degree Equivalent
30,424 satisfied customers
If I worked as an independent consultant (i.e. not an
If I worked as an independent consultant (i.e. not an employee) at a foreign (out of the U.S.) company, am I considered a 'disregarded entity by the IRS and have to file a form 8858? I do not own any … read more
bigduckontax
bigduckontax
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Just incorporated do I now need right away a federal tax ID
Just incorporated do I now need right away a federal tax ID and a Sub chapter S formation ?… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I have recently opened a Wyoming LLC (only one owner non-resident
I have recently opened a Wyoming LLC (only one owner non-resident of the US). I know that I am not obliged to request for EIN (one owner, no employees and I am not selling products in the US). However… read more
Lev
Lev
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Bachelor's Degree Equivalent
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We recently formed a single-member LLC (Texas) that is a disregarded
We recently formed a single-member LLC (Texas) that is a disregarded entity-sole proprietorship. Former sole proprietorship had its own EIN for payroll purposes. I am trying to find out if we can use … read more
Tax.appeal.168
Tax.appeal.168
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I recently formed a single-member LLC and need clarification
I recently formed a single-member LLC and need clarification on the tax and accounting aspects of the business. Am I supposed to be accounting as if I am a sole proprietor or a partnership? Will I com… read more
USTaxAdvising
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For the initial tax election for an LLC (when I obtained its
For the initial tax election for an LLC (when I obtained its EIN to open a bank account), I selected partnership taxation since there was going to be a second member. However, the business never actua… read more
Richard
Richard
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Doctoral Degree
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Hi, I am preparing a LLC that was just incorporated in February,
Hi, I am preparing a LLC that was just incorporated in February, should I indicate a short year by listing fiscal year beginning as the incorporation date and treat 12/31/2012 as fiscal year ending? T… read more
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