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I would like to use my worker's ITIN number to issue a 1099.
Hello, I would like to use my worker's ITIN number to issue a 1099. He has worked for me over 15 years and I'm worried that this could put them on the radar possibly causing an audit on my end or futu… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
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I am an IT professional and am looking at doing contract
I am an IT professional and am looking at doing contract work. I want to set up an S corp or LLC and use a C2C method. I would working at a company 25 miles away and have tolls. I would also purchase … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,358 satisfied customers
What is the main difference between an LLC and and S
What is the main difference between an LLC and and S Corporation? (considering one owner only,versus more owners)? ARe taxes done difefrently? Are owners personally liabile of business debts?… read more
emc011075
emc011075
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Need some advice on an S-Corp vs a LLC. I have a small
need some advice on an S-Corp vs a LLC. I have a small business. I do not have any employees and will not need to hire anyone in the future. Will hire contract labor first. Need an easy way to pay mys… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
5,978 satisfied customers
If I am going to hire a household employee and want to form
If I am going to hire a household employee and want to form an LLC to do so, how do I file for that LLC? I know household employees usually get filed on a Schedule H, however the LLC is not on the sch… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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My wife is a medical doctor and she receives most of her
My wife is a medical doctor and she receives most of her salary from the medical group that hires her. She also does extra work for the hospital and she is compensated for this as "Individual/sole pro… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,358 satisfied customers
I have a tax question. I have an LLC that is a sub "S." I
I have a tax question. I have an LLC that is a sub "S." I want to form another LLC and want the most simple way to address taxes and ownership of this LLC. It will be owned and managed by the same two… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,358 satisfied customers
If I own an llc in 100%, can I bill it for my consulting
If I own an llc in virginia 100%, can I bill it for my consulting time. The scenario is I will be employed by another company until I transition to the LLC and would be working on IP and patents to be… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
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I am an owner and only worker for a small business LLC.I am
I am an owner and only worker for a small business LLC.I am going to have a subcontractor join me as a 1099.My question is,would it benefit me more to be taxed as a single member LLC,or maybe be taxed… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,358 satisfied customers
Is there a federal tax credit small business ring a felon?
Is there a federal tax credit for a small business hiring a felon? If yes, what form is the credit on? The business is a single member LLC and I am completing a 1040 and schedule c… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,358 satisfied customers
3 dentists are considering forming a multi member LLC or a
3 dentists are considering forming a multi member LLC or a Corporation & then electing 'S' Corporation status. They will be equal owners.What are the tax advantages of each?… read more
emc011075
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Bachelor's Degree
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My wife is wanting to start a small business offering skin
My wife is wanting to start a small business offering skin care services. She will be the only employee. Is it better to register as an LLC and file taxes that way - or just file the taxes and include… read more
emc011075
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Tax advisor and Enrolled Agent
Bachelor's Degree
8,358 satisfied customers
What are the tax consequences when one of the owners has been
What are the tax consequences when one of the owners has been taking a draw from the business and then quits the business before it's become profitable.… read more
emc011075
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Bachelor's Degree
8,358 satisfied customers
Can I qualify for a tax for an investment in a new venture
Can I qualify for a tax refund for an investment in a new venture that created jobs?I and an other investor made a personal investment in a start up company. The company is an Illinois LLC. I heard th… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
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Hello, I am starting an LLC , and I also have a partner
Hello, I am starting an LLC , and I also have a partner - 51/49 % split. We agreed that I will be a managing partner and he, in turn, will be passive investor. The LLC is a partnership for tax purpose… read more
jgordosea
jgordosea
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Bachelor's Degree
2,885 satisfied customers
I am an MBA graduate (05/08). I was working under my F1 OPT
I am an MBA graduate (05/08). I was working under my F1 OPT until 06/01, when I resigned because I delivered preemie twins who needed my 24x7 attention. On 05/09 I was awarded an H1B under the Masters… read more
Lev
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Retired
Bachelor's Degree Equivalent
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I am a manager at a well known hotel. If I hire a legally blind
I am a manager at a well known hotel. If I hire a legally blind person does my hotel get a tax break, working in kansas?… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
968 satisfied customers
I want to set up a temp agency and take the work ...
I want to set up a temp agency and take the work opportunity tax credit(WOTC). IRS says I am not the common law employer since I do not direct and control the daily activities of the emplyee, so I can… read more
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