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IRS tax question: Can LLCs taxes an S Corp have fiscal
IRS tax question:Can LLCs taxes an S Corp have fiscal years? How does that work? Is the K-1 reported on the prior or following year? Please provide good articles and IRS references. Thanks!… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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I am considering filing as an S Corp. I am currently an LLC,
I am considering filing as an S Corp. I am currently an LLC, as such I a have been making quarterly estimated tax payments under my SS number. Is it still possible to file for an S Corp and what happe… read more
Lev
Lev
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Good Dr., getting back to my original question, "May an LLC,
Good Dr., getting back to my original question, "May an LLC, that is being treated as a "Disregarded Entity" by its owner a "C" Corporation, use the same fiscal year end June 30 (the C Corporations ye… read more
Dr. Fiona Chen
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Ph.D.
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Tax Question.... I have a tax client that I generated a corporation for his business as an LLC. What happen is that he got a letter from the IRS saying that he did not file the appropriate forms in ti… read more
taxmanrog
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I am looking for guidance on how I should set up a single
Thank you. I am looking for guidance on how I should set up a single member (my wife) California LLC. Should I set it up as a disregarded entity? What will happen, for tax reporting purposes, when I a… read more
Lev
Lev
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Not sure if this is the right place to ask. Maybe you can
Not sure if this is the right place to ask. Maybe you can help. We recently changed from a partnership to a single member LLC on our current company. We are now creating a new separate multi member LL… read more
Lev
Lev
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Changing being taxed as an LLC sole proprietor to an LLC
changing being taxed as an LLC sole proprietor to an LLC taxed as an S-corp, do they need to file Form 8832 or Form 2553 or both?If both, in what order?THANKS… read more
Tax.appeal.168
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I have a single member LLC and treated as disregard entity.
I have a single member LLC and treated as disregard entity. I will add another member on November 30, 2017. Do I need to file Form 8832 even if I plan on being treated as a partnership, the default fo… read more
Mark Taylor
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What is the time frame to file an 8832 and 2553 single
What is the time frame to file an 8832 and 2553 for a single member LLC to be taxed as an "S" Corp. It was formed in June 2015. The tax return was filed on a Sch C for 2015. The taxpayer wants to be t… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I started an LLC last year and am unsure if I have to file
I started an LLC last year and am unsure if I have to file taxes for the LLC in addition to my individual taxes...… read more
Lev
Lev
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I would like to stay on the mailing list, what are the rules
I would like to stay on the mailing list, what are the rules for Sec 179 for 2014 ? Is the most you can be deduct 25,000 and is the bonus depreciation now eliminated ?… read more
Lev
Lev
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Bachelor's Degree Equivalent
30,464 satisfied customers
I have a husband and wife LLC that has been filed as a disregarded
I have a husband and wife LLC that has been filed as a disregarded entity schedule C since inception. The husband became involved in the business in 2013. They want to switch to an S corp for reportin… read more
Megan C
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I have a S Corp who is still paying the IRS prior years payroll
I have a S Corp who is still paying the IRS prior years payroll withholding tax. She closed her payroll account in 2012 and has only been taking draws and no salary. I am going to discuss setting up p… read more
Lev
Lev
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Bachelor's Degree Equivalent
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Domestic single member LLC, inadvertently filed form 1120 in
Domestic single member LLC, inadvertently filed form 1120 in the first year of incorporation. How can we go back to filing Sch C - any forms to fill out for the IRS / State (NJ)… read more
Stephen G.
Stephen G.
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Hi, I am preparing a LLC that was just incorporated in February,
Hi, I am preparing a LLC that was just incorporated in February, should I indicate a short year by listing fiscal year beginning as the incorporation date and treat 12/31/2012 as fiscal year ending? T… read more
CGCPA
CGCPA
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Just changed from a Sole Proprietorship to an LLC (California).
Just changed from a Sole Proprietorship to an LLC (California). I am thinking about taking the s-corp election - by filing IRS Form 8832. I want to know about tax consequences if I do this. Since I ju… read more
Lev
Lev
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Bachelor's Degree Equivalent
30,464 satisfied customers
What is Disregarded Entity ? Is it a legal status or tax status
What is Disregarded Entity ? Is it a legal status or tax status given ? What is its actual meaning and who can be a disregarded entity ? I can easily understand if you can explain with an example like… read more
ezcpa
ezcpa
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Bachelor's Degree
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My S corporation has a qualified subchapter Q subsidiary (another
My S corporation has a qualified subchapter Q subsidiary (another S corporation). Do these 2 corporations have to be on the same tax year (calendar vs. fiscal)? The problem is, the Qsub is on fiscal y… read more
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