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IRS Tax Question: Client registers in the State of Texas as
IRS Tax Question: Client registers in the State of Texas as an LLC for a rental property that they co-own with their spouse. For IRS purposes, they don't apply for the EIN as an LLC, but as a Partners… read more
Barbara
Barbara
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Last tax year (2016) Me and my friend setup a Partnership
Last tax year (2016) Me and my friend setup a Partnership 1065. At the end of 2016, I bought my partner out and now I am the only member in the business starting from Jan 2017. So, do I still file a 1… read more
LEV
LEV
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I want to disband a Wyoming LLC and I have a few other
I want to disband a Wyoming LLC and I have a few other questions regarding the process. … read more
Barbara
Barbara
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My husband and I have an LLC. Our friend has one also. We
My husband and I have an LLC. Our friend has one also. We joined our LLCs to form our business. Didn't get a tax ID for the partnership because we didn't know we needed to. We thought our LLCs we all … read more
LEV
LEV
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I am filling my personal taxes and I am believe I am
I am filling my personal taxes and I am believe I am claiming my 1099-k income properly via turbo tax. But I am unsure if i need to and/or how I would filed a 1065 … read more
Barbara
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I have an LLC that was taxed as a partnership, with two
I have an LLC that was taxed as a partnership, with two members who each owned 50%. My partner is leaving the partnership (as of 12/31/17) and I would now like to continue as an LLC with a sole propri… read more
Barbara
Barbara
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I have an LLC in CA. Originally it was a partnership, filing
I have an LLC in CA. Originally it was a partnership, filing a 1065 to the IRS. Now, the other partners have left and I want to file as a single member LLC, flowing back into my schedule c. The change… read more
Barbara
Barbara
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I left an LLC 2 years ago. In fact, 6 owners or members all
I left an LLC 2 years ago. In fact, 6 owners or members all left with me in 2015. One owner was left, who continued the business for a few months then he put biz into liquidation. Money owed to the bu… read more
LEV
LEV
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Bachelor's Degree
14,896 satisfied customers
2 Member LLC now 1 Member LLC. What forms to file to IRS? I
2 Member LLC now 1 Member LLC. What forms to file to IRS?I have an LLC that was Me and Member B. Member B has now left the LLC and sold his ownership to me for no consideration. I am now the sole owne… read more
Barbara
Barbara
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I am in the process of filling out Form 8832 to change the
Hello, I am in the process of filling out Form 8832 to change the classification of my LLC from a partnership to a disregarded entity. At the time of its formation (12/27/16), it was agreed between my… read more
Barbara
Barbara
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Susie, and I'm looking on how to report payments made to
Susie, and I'm looking for information on how to report payments made to former partners for their share of the business … read more
LEV
LEV
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Bachelor's Degree
14,896 satisfied customers
I have a Partnership LLC, my partner with 5% left the
I have a Partnership LLC, my partner with 5% left the company and now I have the 100% I understand that I have to complete the schedule C as Sol Proprietorship My question is I have to fill out anothe… read more
NPVAdvisor
NPVAdvisor
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I have 3 buildings (3 addresses) of rental properties to
I have 3 buildings (3 addresses) of rental properties to claim. The pickup truck is registered under company name, I use it for snow shovel, trash removal, repairs and maintenance for all 3 places. I … read more
emc011075
emc011075
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How does the single member LLC check box : General or limited? On the k-1 worksheet,
How does the single member LLC check box : General or limited? On the k-1 worksheet, is a single member LLC person a general or limited partner?… read more
LEV
LEV
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Bachelor's Degree
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I have few tax related questions and would be great if you
I have few tax related questions and would be great if you could answer them for me. Let me present to you the scenario. Let's say, I am currently on H1B visa. I form new LLC with my friend who is US … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
A business was setup as an LLC in 2011 and filed a 1065 for
A business was setup as an LLC in 2011 and filed a 1065 for that year (2 members) In April 2012, one of the partners decided to retire and sold his portion to the remaining partner. So, I now have a s… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
In the State of Pennsylvania you can form an LLC as a sole
In the State of Pennsylvania you can form an LLC as a sole proprietor, and you are disregarded entity with the Federal and file a sch C. With the state of Pennsylvania you must file a RCT-101 and atta… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
The company was a 2 member LLC, formed in Wisconsin in 2005
The company was a 2 member LLC, formed in Wisconsin in 2005 (not incorporated). For the years 2005 - 2008 taxes were filed as a partnership. There never was a ‘partnership' agreement of any sort. As o… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
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