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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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Bachelor's Degree Equivalent
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We have changed our business Plan: As stated before: 1) Our
Barbara, We have changed our business Plan: As stated before: 1) Our foreign corporation (Cayman) has elected to be treated as a partner ship on (USA) IRS Form 8832, Part 1 Election information, #6 Ty… read more
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On 10/19/2015 a disregarded entity was started as an LLC in
On 10/19/2015 a disregarded entity was started as an LLC in Arizona. On 3/31/16 a Sub S partner bought into the business and forming a partnership. A previous Sub S Election on Form 2553 had been file… read more
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I just started a new single member LLC and filed for S-corp
I just started a new single member LLC and filed for S-corp status for tax purposes.. … read more
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My wife is the owner of an LLC that we created over a year
My wife is the owner of an LLC that we created over a year ago.She is the only member but it was classified as a c-corporate by default.It has been dormant until two months ago.I was unemployed and II… read more
Lane
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My son and I Incorporated our business last year to an LLC.
My son and I Incorporated our business last year to an LLC. He is the owner of the business and we have had payroll companies process payroll since the formulation of the company. The LLC is registere… read more
Lev
Lev
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Assume the members of ABC, LLC are either S Corps or an LLC
Assume the members of ABC, LLC are either S Corps or an LLC which are each owned 100% separately by three guys running ABC, LLC. Can the three guys draw salaries as employees of ABC, LLC. Can the memb… read more
Lev
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I own a single member LLC located in WV. I had a large tax
I own a single member LLC located in WV. I had a large tax liability this year and would like to designate my business as a S-Corporation for tax purposes for 2015. From what I understand, I do not ne… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I just set up a single member LLC in the state of Tennessee
I just set up a single member LLC in the state of Tennessee and now I'm getting ready to get my taxid number online. I was considering filing a 2553 so that I get a the S corp tax advantage. My main c… read more
Barbara
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in the case of a LLC treated as a partnership or sole proprietor can an LLC member's
in the case of a LLC treated as a partnership or sole proprietor can an LLC member's wife who is not a member owner herself receive a w-2 salary from the LLC business for the legitimate work that they… read more
Barbara
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My wife recently started an LLC business, but for tax purposes,
My wife recently started an LLC business, but for tax purposes, as a single-member LLC, she wishes to be taxed as a Sole Proprietor. I understand that on the W-9, the Name is ***** ***** of the busine… read more
taxmanrog
taxmanrog
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I have a S Corp who is still paying the IRS prior years payroll
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Ive read that under the recently approved IRS check-the-box
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I have a single-member LLC that I am going to elect S-Corp
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Lev
Lev
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Bachelor's Degree Equivalent
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Im a single-owner LLC that is currently taxed as an LLC. Im
I'm a single-owner LLC that is currently taxed as an LLC. I'm looking into staying an LLC, but being taxed as an S-corp. Would I be required to setup payroll in order to pay myself a salary?… read more
Shane-CPA
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I own my own business and are the only employee of my business.
I own my own business and are the only employee of my business. My question is, If I fired myself and basically did not run a Payroll anymore, As the employer now, Am I only obligated to pay the taxes… read more
Lev
Lev
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Bachelor's Degree Equivalent
31,728 satisfied customers
Last March my wife filed a single-member LLC. She was required
Last March my wife filed a single-member LLC. She was required to get an EIN for opening a bank account so she got one from IRS. It automatically classified her entity as "sole-proprietorship" for tax… read more
Jon Andrews
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I have a small web publishing business making good profits, ...
I have a small web publishing business making good profits, which I report on Schedule C. A CEO friend advised incorporating for reduced personal and financial liability. I live in an income taxing st… read more
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