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A multi member LLC has an investor. The investor owns no
A multi member LLC has an investor. The investor owns no percentage of the company. Investor has taken all risk and liability for the money he's fronted around 74K. No member will be held accountable … read more
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I HAVE RECEIVED A 1099K FROM GROUPON FOR MY BUSINESS. THE
I HAVE RECEIVED A 1099K FROM GROUPON FOR MY BUSINESS. THE AMOUNT OF THE 1099K IS 31000. WHEN I CHECKED MY BANK STATEMENTS, I ONLY TOTALED 8500 FOR 2017. I HAVE A SINGLE MEMBER LLC AND MUST REPORT THIS… read more
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I have a specific question about the sale/exchange of my
I have a specific question about the sale/exchange of my interest in an LLC in 2017 … read more
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I got married in Dec 2017 to a woman from Canada. She
I got married in Dec 2017 to a woman from Canada. She arrived here in Oct 2017. We have filed the forms with USCIS to bring her into the country permanently, but in the meantime have no SSN for her. I… read more
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My husband had a installment plan for back taxes more than a
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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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My partner and I created last year (2017) a home building
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emc011075
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I have an LLC with very little income (around $50k in 2017).
Hi. I have an LLC with very little income (around $50k in 2017). … read more
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My wife will be retiring in two weeks due to illness reasons
My wife will be retiring in two weeks due to illness reasons at 55 (March 2017). We want to pull 50K out of her 401K within 2 months. We understand she is exempt from the 10% penalty fee due to the "5… read more
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Please estimate my IRS and CA-540 tax liability for 2017.
Please estimate my IRS and CA-540 tax liability for 2017. Plan to file, "Married filing separately" Gross salary income: $185,000. I will take early withdraw from IRA and 401K funds towards purchasing… read more
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Assume i have an LLC and in 2017 i will net $160,000 after
assume i have an LLC and in 2017 i will net $160,000 after maxing our 401k etc.. so i am going to pay taxes on $160k. If i have a loan from the business for $30k all drawn up properly, and i pay it ba… read more
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I need to complete form 8802 to get form 6616 for my LLC how
I need to complete form 8802 to get form 6616 for my LLC how much will that cost to have someone guide me? … read more
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I have a single-member LLC that I am going to elect S-Corp
I have a single-member LLC that I am going to elect S-Corp status on for 2014. Right now on my books my equity accounts are as follows... Owner's Draw - $0 (closed out every year to Owner's Equity) Ow… read more
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Hi, we are US non-residents and formed a LLC in Nevada last
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I started my own LLC in 2008 and borrowed $11,000 for personal
I started my own LLC in 2008 and borrowed $11,000 for personal expenses - i told my accountant to classify it as a loan because I had every intention of paying it back when the business (a restaurant)… read more
jgordosea
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I have a stand-alone trust that owns 50% in an LLC partnership
I have a stand-alone trust that owns 50% in an LLC partnership membership in Texas. My 50% partner also has his membership in a stand-alone trust, too. So in essence 2 separate trusts own 100% of an L… read more
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I am filing a joint return for 2007. I have $50K in income
I am filing a joint return for 2007. I have $50K in income and $32K in itemized deductions. Net taxable income after standard exemption is $11K. I also have pass through losses of business income from… read more
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I purchased an investment property in my name, then ...
I purchased an investment property in my name, then quitclaimed the deed to include my name & my LLC ( a real estate holdings LLC). When I sold the property, the check was payable to myself and the LL… read more
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