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Case: - a single owner of a U.S. LLC - disregarded LLC /
Case: - a single owner of a U.S. LLC - disregarded LLC / passthru - non-U.S. person living abroad in Portugal and being taxed there - no physical presence in the US - no physical goods sold etc - the … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
16,034 satisfied customers
Lane, I had asked you a question last week regarding a
Hi Lane,I had asked you a question last week regarding a parent and subsidiary LLC where a husband and wife are the members of the parent llc and then the parent llc will be the meber of the subsidiar… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
16,034 satisfied customers
if my single owner llc recieve forgivness of a debt. Will
if my single owner llc recieve forgivness of a debt. Will i have to pay taxes on that amount.… read more
Lane
Lane
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Doctoral Degree
16,034 satisfied customers
What are the consequences (if any) from changing an LLC Corp
What are the consequences (if any) from changing an LLC Corp (1120) formed in 2001, to an LLC Single member. I am and always was the only "owner". There are 6 rental properties. Do I have to go thru a… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
16,034 satisfied customers
HI Randall, I am trying to decide if I should do LLC, S corp, or C corp... I am starting a
HI Randall, I am trying to decide if I should do LLC, S corp, or C corp... I am starting a small business website and I want liability protection. Should I just go see an accountant? I want to set up … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
16,034 satisfied customers
I have been earning online ad revenue income as a sole proprietor,
I have been earning online ad revenue income as a sole proprietor, but thinking of setting up single member LLC. I live in California and so I think I will end up paying $800 state franchisee fees per… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
16,034 satisfied customers
NY LLC I want to form a NY llc. I want to create 100,000 shares
NY LLC I want to form a NY llc. I want to create 100,000 shares issue 90% of the stock to the principals and collect $1500 from them. Then sell the remaining for 2-5 million dollars. What par value sh… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
16,034 satisfied customers
This is a tax planning question. My wife and I are middle
This is a tax planning question. My wife and I are middle income group paying already pretty big taxes including substantial AMT. My wife and I own two home. One is primary home and the other is (our … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
16,034 satisfied customers
Hi Lev, An LLC was born 1/1/14 from a combination of two separate
Hi Lev, An LLC was born 1/1/14 from a combination of two separate entities. No monies were exchanged. Members from one (an Inc.) now have negative equity in the new organization. I am posting an entry… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
16,034 satisfied customers
Hello, I am a US non-resident and I am the single member
Hello, I am a US non-resident and I am the single member of a LLC. In the operating agreement of the LLC there is a section called "Books and Records" and it says: "The company may keep such books and… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
16,034 satisfied customers
I create 2 LLCs in Florida. One is in my name.we will call
I create 2 LLCs in Florida. One is in my name.we will call it T. The other has 2 members:me and T llc. I . How are going to report the taxes,if T LLC is being reported in schedule c.… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
16,034 satisfied customers
Im the only employee of my real estate investing LLC, focused
Im the only employee of my real estate investing LLC, focused mostly on flipping houses. When it comes time to decide whether to file taxes as a Sole Proprietorship or an S Corp, what should be taken … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
16,034 satisfied customers
I was hired and given 5% partnership of a business a friend
I was hired and given 5% partnership of a business a friend started. I am managing the business. The Attorney wants the 2553 form or the 8832 form back for filing. I want to ensure I protect myself wi… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
16,034 satisfied customers
My husband and I have an LLC. He is an owner operator truck
My husband and I have an LLC. He is an owner operator truck driver and owns one truck. The carrier that he works with gave me a preliminary amount for his 1099. I am shocked that it is $60,000 less th… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
16,034 satisfied customers
For Lane only, Hi Lane, Ive got a follow-up question
For Lane only, Hi Lane, I've got a follow-up question to my issue regarding that job abroad. If I were to work with them as an independent contractor, I would probably do so through an LLC. I have two… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
16,034 satisfied customers
I am an architect with several businesses. a. sole practitioner b.
I am an architect with several businesses. a. sole practitioner b. an LLC for certain projects c. an C-Corp for larger projects. I received a $25K payment for services as a sole practitioner, but woul… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
16,034 satisfied customers
hi, in an s-corp the dividends after expenses including "reasonable"
hi, in an s-corp the dividends after expenses including "reasonable" compensation for officers are exempt of paying self employment tax. is an llc able to have the same treatment if fill the appropria… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
16,034 satisfied customers
My husband and I have property in NC; live in FL. Intend to
My husband and I have property in NC; live in FL. Intend to rent out cabin in NC. so will have to collect NC sales tax. Do I need to form an LLC or do I just list property under proprietorship? Do I f… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
16,034 satisfied customers
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