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Im starting a new business and Im trying to figure out what
Im starting a new business and Im trying to figure out what entity would be best to start up with. … read more
emc011075
emc011075
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Bachelor's Degree
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I want to start an online business related to online tech
I want to start an online business related to online tech services and consultancy. Should I incorporate an LLC, S Corporation or C Corporation? I will be the only owner and probably have a co-founder… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
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I have an LLC that we elected to be taxed as an S Corp
I have an LLC that we elected to be taxed as an S Corp (ratther than 1065 partnerhsip) because of advice received. My partner is now OUT of the business. I likely should revert to sole owner LLC (non … read more
emc011075
emc011075
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I own a small one person S corp, this S corp is a 100% owner
I own a small one person S corp, this S corp is a 100% owner in an LLC (was totally capitalized by some money from Scorp)1) I was told that the LLC income and expenses get rolled up to the Scorp and t… read more
Lev
Lev
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I have bought 2 vehicles for about $8,500 each and have been
I have bought 2 vehicles for about $8,500 each and have been using them to rent out on a website called Turo.com.Will I have a tax advantage if I create an llc/Corp vs filing on my regular tax return … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,348 satisfied customers
I have a question about an online business. I'm in Arkansas.
Well I got an LLC with a tax ID started in Tennessee where I still own a home. I just moved to AR … read more
emc011075
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Bachelor's Degree
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For tax filing is there a difference between a tenant in
for tax filing is there a difference between a tenant in common or LLC … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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I have a product that I'll be marketing to schools and
I have a product that I'll be marketing to schools and churches for them to sell as a fundraiser option to raise money for their needs. I am creating my LLC and my question is: … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,348 satisfied customers
A multi member LLC converted to a SMLLC. I am filing the
A multi member LLC converted to a SMLLC. I am filing the final 1065 (partnership) return. The LLC will continue but as a disregarded entity. Do I need to file Form 8832 letting the IRS know that the L… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,348 satisfied customers
I set up an LLC in December 2016 through my state and also
I set up an LLC in December 2016 through my state and also registered for an EIN with the IRS. It is now time to file taxes and I am unsure whether I still have the option to choose to file as sole pr… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,348 satisfied customers
If I own an llc in 100%, can I bill it for my consulting
If I own an llc in virginia 100%, can I bill it for my consulting time. The scenario is I will be employed by another company until I transition to the LLC and would be working on IP and patents to be… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,348 satisfied customers
I am an owner and only worker for a small business LLC.I am
I am an owner and only worker for a small business LLC.I am going to have a subcontractor join me as a 1099.My question is,would it benefit me more to be taxed as a single member LLC,or maybe be taxed… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,348 satisfied customers
I'm Puerto Rican and wish to register a LLC in Florida. I
I'm Puerto Rican and wish to register a LLC in Florida. I has two partners ( individuals) . I was looking at the IRS website and it seems that a multimember LLC can not be a disregarded entity. Is tha… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,348 satisfied customers
I have a client who has set up an LLC for a bed and breakfast.
I have a client who has set up an LLC for a bed and breakfast. As far as the room charges are concerned, she will have to charge sales taxes, we are in KY, but what about hotel taxes or luxury taxes? … read more
Megan C
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Certified Public Accountant (CPA)
Master's Degree
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Holding Company [subchapter S Coporation]owns a single member
Holding Company [subchapter S Coporation]owns a single member LLC ["SMLLC"]. The SMLLC had elected S Corporation status. 1) Can Holding Company be a member in a SMLLC that has made the Subchapter S el… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,867 satisfied customers
What tax structure should I use; schedule C, schedule E, or
What tax structure should I use; schedule C, schedule E, or some other? I rent a historic house and am fixing it up to rent out as a short term vacation guesthouse type setup. I don't live there. I ha… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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I have a vacation rental on a lake that we rent by the week.
I have a vacation rental on a lake that we rent by the week. Does this qualify for the MT 7% bed tax and if so, do I have to give all of those proceeds back to the state?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
If after me and my wife establish an LLC but we dont actually
If after me and my wife establish an LLC but we don't actually engage in business operations until 3 or even 5 months later, what happens during this period? can you simply establish the LLC but the s… read more
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Robin D.
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