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IRS Tax Question: If someone acquires a Texas LLC that was a
IRS Tax Question: If someone acquires a Texas LLC that was a sole proprietorship LLC, can they keep the EIN and then convert it to an S-Corp or do they need a new EIN? Please provide good IRS referenc… read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,122 satisfied customers
I am a single member Llc who elected S Corp status, if I
I am a single member Llc who elected S Corp status, if I revoke my S Corp status and continue my business as a sole proprietor and retain my LLC will I need to get a new tax ID with the IRS?… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,042 satisfied customers
My clients payroll service WILL NOT pay a single person LLC
my clients payroll service WILL NOT pay a single person LLC which I am. Can I put down that I am an LLC of the w9? and if so which tax classification should I use? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
If a trust has two business that are LLCs (in the State of
If a trust has two business that are LLCs (in the State of Ohio) and elected Sole Proprietor as the Taxation but now one of the businesses wants to hire an employee. Can that be done? Can a business t… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,382 satisfied customers
Second opinion] An LLC was created and obtained an EIN and
Second opinion] An LLC was created and obtained an EIN and on the SS4 election was made that it was going to be a Partnership and says that a 1065 needs to be filed. Now it is just going to be sole me… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
I've been earning about 120k/year as a freelance software
I've been earning about 120k/year as a freelance software engineer and am planning to form either an LLC or S-corp to reduce my tax burden. I'm familiar with how the s-corp saves on FICA, but I don't … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I recently started an LLC in NY of which I am the sole
I recently started an LLC in NY of which I am the sole proprietor. I am hiring an employee and want to get everything set up properly. Should I elect S Corp status or maintain my Sole Proprietor statu… read more
ABC Accounting Group
ABC Accounting Group
Bachelor's Degree
1,930 satisfied customers
I applied number as a single member LLC in Jan. 06. 2016
I applied for EIN number as a single member LLC in Jan. 06. 2016 (company formation date) for employee filing and received EIN number letter, which says both company name (XXX LLC) And my name (XXX so… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,490 satisfied customers
I have a single-member LLC in a state (NY) that allows for
I have a single-member LLC in a state (NY) that allows for such things. I am a disregarded entity for tax purposes, and therefore file my income tax return under my social security number. However, fo… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
State of GA, Sole Proprietor Insurance Agency owner files for
State of GA, Sole Proprietor Insurance Agency owner files for incorporation and is approved by the state effective 08/2014. Is it legally required that the sole proprietor file as a corporation with t… read more
Anne
Anne
Master Tax Preparer
3,422 satisfied customers
I am applying for a EIN. I started my LLC yesterday and want
I am applying for a EIN. I started my LLC yesterday and want to file with the IRS as a S Corp. Do I claim S Corp on the initial application or do a LLC then a 8832 form?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,122 satisfied customers
i am a single-member LLC in Texas. I have been doing consulting
i am a single-member LLC in Texas. I have been doing consulting business with another company via corp-to-corp. They now requested me to submit a new W-9 because they received a letter from IRS showin… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I started changing my sole proprietorship into an S-Corp in
I started changing my sole proprietorship into an S-Corp in 2013 but didn't finish. In 2013 I filed a request for federal EIN, a state DBA, MT Articles of Incorp, and IRS 2553. IRS responded that my S… read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,122 satisfied customers
Hi. You answered a question for my about a month ago. I have
Hi. You answered a question for my about a month ago. I have another question. How do I go about getting you to answer the question, and not someone else? thanks!… read more
taxmanrog
taxmanrog
Master's Degree
2,946 satisfied customers
General Partnership Questions [husband & wife with Partnerhip
General Partnership Questions [husband & wife with Partnerhip Agreement, interest split 99% & 01%]: 1- Does a General Partnership need to file form 1065 & K1s ? 2- Or can a husband & wife General Part… read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
924 satisfied customers
I have a sole prop that I recently converted to an LLC. I
I have a sole prop that I recently converted to an LLC. I am considering establishing it as an s-corp entity for asset protection but there is certainly no risk in the near future. My first question i… read more
Gerri A Harrison CFP EA
Gerri A Harrison CFP EA
Financial advisor/Tax preparer
Bachelor's Degree
206 satisfied customers
I had a sole prop for 2 years with a EIN. This year I filled
I had a sole prop for 2 years with a EIN. This year I filled a single member LLC in PA. Date of filing is 04/16 - and got a new EIN. I already sent a check to the IRS for estimate for the sole prop, ,… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Last March my wife filed a single-member LLC. She was required
Last March my wife filed a single-member LLC. She was required to get an EIN for opening a bank account so she got one from IRS. It automatically classified her entity as "sole-proprietorship" for tax… read more
Jon Andrews
Jon Andrews
CPA
1,498 satisfied customers
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