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I am filing my 2017 Federal taxes on my own, and I was
I am filing my 2017 Federal taxes on my own, and I was reviewing my 2016 tax return for comparison.... I have an LLC (it says it on y company name), but I noticed that my accountant filed my 2016 taxe… read more
Mark Anderson
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I have two small Mexicans restaurant. In one of them i file
i have two small Mexicans restaurant. In one of them i file as solepropriertor ship which i already filed my taxes, but the second was created as LLC, i need help how i start the process of preparing … read more
emc011075
emc011075
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In 2016 i had a K1 partnership that had 25k loss. This was
In 2016 i had a K1 partnership that had 25k loss. This was the entire amount of my investment in the partnership and was listed as an income loss, not a capital loss. the ratio is listed as 1 and in w… read more
Dr. Fiona Chen
Dr. Fiona Chen
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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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I am a partner in a 1065 partnership in Texas. There were 3
I am a partner in a 1065 partnership in Texas. There were 3 partners, each with 33.3333% since 2007 when we started. As of 01-01-2017 two of us bought out the third partner so we each have 50% and the… read more
Mike-USACPA
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I entered equipment on an LLC 1065 which was purchased
I entered equipment on an LLC 1065 which was purchased during start up in 2017. Will I enter any property listed in the LLC 1065 on my personal return in the partnership section? Such as the deduction… read more
PDtax
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When a partner contributes depreciated rental property to a
Hi, when a partner contributes depreciated rental property to a partnership, does the partner report anything on partner's individual tax return? Such as a transfer or disposition on Form 4797? … read more
Lev
Lev
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Bachelor's Degree Equivalent
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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
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You there? I'm in a two member LLC partnership with a friend
I'm in a two member LLC partnership with a friend and incorporated in Delaware with an EIN such that we can setup a business bank account. Our bank account is in California, do we file taxes in Delaware or California? … read more
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Does an LLC need to file K-1 forms if they claim no profit
Does an LLC need to file K-1 forms if they claim no profit or loss? … read more
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The partner in my 2 member LLC retired effective 12/31/2016.
The partner in my 2 member LLC retired effective 12/31/2016. There was a buyout using LLC funds, the ownership was originally split 60/40. We both have negative amounts in our capital accounts due to … read more
Lev
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I own an LLC that made zero income in 2016. However, I
Hi. I own an LLC that made zero income in 2016. However, I haven't filed yet. What should I do? … read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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In 2016, my wife bought into a restaurant business with a
in 2016, my wife bought into a restaurant business with a signed agreement as a 30% partner for $25K. About 2 months later, the partnership became a disaster and we pulled out. About 2 months later, t… read more
Lev
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I started a partnership LLC last year for an art project I
I started a partnership LLC last year for an art project I raised funds for on Indiegogo. We raised about $4000 dollars and spent it all on the project. We started an LLC for insurance/liability reaso… read more
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Michael Hanley
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We are a partner LLC and preparing k-1(form 1065) and PA
we are a partner LLC and preparing k-1(form 1065) and PA rk-1 for the 3 partners ..... where do we file these forms since the LLC itself doesnt' file taxes it is all pass through income to the partner… read more
Lev
Lev
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Formed a llc Partnership 12/15 ( kansas). money deposited
Formed a llc Partnership 12/15 ( kansas) . money deposited 12/09/15 did not conduct any business untill 1/1/16. What form do the investors file showing their investment in 2015.… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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Scenario LLC that sells products produced and manufactured
Scenario LLC that sells product's produced and manufactured by other companies that now (2011) has two members (all paperwork and changes on state paperwork done correctly at the end of 2011) produced… read more
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Stephen G.
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