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I was wondering if my company has to fill taxes when it has
I was wondering if my company has to fill taxes when it has no sell anything yet. but it has been in business since last year … read more
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Vocational, Technical or Trade School
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Got a multi member llc in TN. Filed the 2016 tax return (form 1065) by October 10, 2017. Filed all the personal returns for the members by October 15, 2017. Of course the partnership return was due by… read more
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I opened a single-member LLC in 2017 for the purposes of
Hi, I opened a single-member LLC in 2017 for the purposes of doing a real estate buy and sell for profit (flip) project. The bulk of the work was done in 2018, the project is now complete and it just sold a few days ago. I plan to capitalize everything for the 2018 tax year. I have already filed my personal tax return for 2017. I have not filed anything for the LLC so far since I haven't seen any profit as yet, nor do I have any employees. Not sure how to report "no business" for the LLC for 2017. Please advise … read more
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
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We have an LLC that is wholly owned by a C-corp. The LLC has
We have an LLC that is wholly owned by a C-corp. The LLC has been paying employees and 1 member with guaranteed payments. We have a loss in quickbooks of $16,000. Does the C-corp simply take the $16,0… read more
Lev
Lev
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Lane: I forgot an important issue. The llc I use to hold my
Hello lane:I forgot an important issue.The llc I use to hold my title has a bit more situation: the llc used to belong to JL 75% and me Wx 25%. It used to own a land , we sold the land at the beginnin… read more
Lane
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JD, MBA, CFP, CRPS
Doctoral Degree
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My elderly mother is recently widowed. She is selling her
my elderly mother is recently widowed. She is selling her house. The title is under an LLC. She is the only administrator. Will she be tax exempt from the sale of her house? … read more
Lev
Lev
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Bachelor's Degree Equivalent
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I have a tax question in regards to filling LLC tax return.
Hello I have a tax question in regards ***** ***** LLC tax return … read more
Carter McBride
Carter McBride
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I have a question about my 2017 tax year that I have not
HI, I have a question about my 2017 tax year that I have not filed yet I sold a house that was quick claimed to me by my mother she gave to in October 2016 and I sold it February 2017 … read more
Lev
Lev
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Bachelor's Degree Equivalent
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I am wondering if I should form an LLC. My husband and I
I am wondering if I should form an LLC. My husband and I file jointly. He is the owner of an LLC and I am a freelancer on a 1099. Our combined income is about $200K and we don't own a home, so we gene… read more
Barbara
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Taxmanrog: Must a foreign individual owned single-member LLC
Customer Must a foreign individual owned single-member LLC (formed several years ago before 2017) file Form 5472 under the new tax law effective 1/1/2017?… read more
taxmanrog
taxmanrog
Master's Degree
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I am preparing a form 8802 for an LLC that will be filing as
Good morning. I am preparing a form 8802 for an LLC that will be filing as a Partnership on Form 1065. For 2016 this entity was a Single Member LLC and two Partners were admitted October 1, 2017. … read more
Barbara
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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
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I just recently closed a multi-member LLC and finished the
Hi, I just recently closed a multi-member LLC and finished the filings for the taxes. I'm just wondering if we need to file Schedule K-1 early for our personal tax returns. … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
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Nothing yet. Just doing some research on how to document
Nothing yet. Just doing some research on how to document expulsion of a member of an LLC Thank yo. you … read more
Lane
Lane
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Doctoral Degree
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I opened an LLC single member. I purchased 3 properties
I opened an LLC single member. I purchased 3 properties under the single member llc where do i put it on the 1040 is not the schedule E , because is under the LLC 's name.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
How do I convert the multi member LLC treated as partnership
How do I convert the multi member LLC treated as partnership into a single member LLC disregarded entity? which forms must be submitted? Do you update the EIN too?… read more
taxmanrog
taxmanrog
Master's Degree
2,950 satisfied customers
I registered my LLC in September 2009. I am the only partner
I registered my LLC in September 2009. I am the only partner (100% ownership). After registration, I have been busy with other personal matters and the LLC was put on hold for a while. Till now I have… read more
RD
RD
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