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You helped me before. I started an LLC in January of 2019,
Hi, you helped me before. I started an LLC in January of 2019, with one partner. She left the partnership on October 23, 2019. I am continuing to run the LLC, and preparing the 1065 via Turbo Tax. How… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
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I am sole member of a llc. How would it affect my daughters
I am sole member of a llc. How would it affect my daughters to add them as members … read more
Alexander Efros
Alexander Efros
Financial Planner/Tax Specialist
Masters of Business Administration (MBA)
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I am buying an LLC in Florida now on September 28, 2019. So
I am buying an LLC in Florida now on September 28, 2019. So the old owners will no longer be associate with the companyMy questions are:Should I continue to use the same EIN number? and just file taxe… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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Please, I'd like your help. My situation is as follows: We
Hi, please, I'd like your help.My situation is as follows:We have an LLC Delaware with 2 non-resident and non-American members (MMLLC). According to what I have researched, the LLC is treated as parnt… read more
Lev
Lev
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Bachelor's Degree Equivalent
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Yesterday you gave me the following response to an LLC tax
Hi Carter, yesterday you gave me the following response to an LLC tax issue that I have, and it is as follows: Hello, I am a member of a Nevada LLC. of which there are 3 partners in all. We dissolved … read more
Carter McBride
Carter McBride
LLM
5,037 satisfied customers
I have a Colorado LLC. The 3 partners are myself and two
I have a Colorado LLC. The 3 partners are myself and two family members. We formed it so that I could invest in real estate. My two family members due not received any profits or dividends. I was told… read more
Lev
Lev
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Bachelor's Degree Equivalent
46,803 satisfied customers
I'm going to sell LLC In February 2019. What 2018 LLC tax
I'm going to sell LLC In February 2019.What 2018 LLC tax documents I need to obtain prior to transfer of LLC to file my personal tax return?My interest is 50% in that LLC.… read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
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My husband and I created an LLC company for the iphone apps
My husband and I created an LLC company for the iphone apps my husband created. We registered the LLC in Florida. For the past years, we've been having net losses (negative K-1) divided equally. If I leave the LLC company, does it have to be dissolved or can he continue by himself? If I can't resign/leave the LLC, how can we change the ownership so he can own 99% and I own 1%? In 2018, he used the LLC company to receive payments from a contract work. This means we will have profits (positive K-1) but I don't want to pay taxes for this. I want to file taxes separately since I'll be getting a refund. If I get a K-1, then I'll have to pay taxes. Do I get myself out of the LLC or just change the ownership %? … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
46,803 satisfied customers
I am the manager for a Texas based family LLC. It was formed
I am the manager for a Texas based family LLC. It was formed for the purpose of holding an asset - Land, until such time as my Mother and Father needed financial help. They both have passed away, and … read more
Alexander Efros
Alexander Efros
Financial Planner/Tax Specialist
Masters of Business Administration (MBA)
1,195 satisfied customers
My husband and I have an LLC. Our friend has one also. We
My husband and I have an LLC. Our friend has one also. We joined our LLCs to form our business. Didn't get a tax ID for the partnership because we didn't know we needed to. We thought our LLCs we all … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
46,803 satisfied customers
I have a rental property that we put into an LLC last year.
I have a rental property that we put into an LLC last year. The LLC holds the title of the property and my husband and I transferred our portions to our individual revocable trusts. Unfortunately, we … read more
Lev
Lev
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Bachelor's Degree Equivalent
46,803 satisfied customers
My husband and I started a mobile zoo. I am wondering what
Hi there, my husband and I started a mobile petting zoo. I am wondering what business code this would fall under as well as how to report this business on a tax return. What can be deducted? Feed and … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
20,197 satisfied customers
Question on idaho state taxes for a dissolved LLC. I have an
i have an accountant who gave me their opinion. Have some taxes due on the LLC but it has since been dissolved and a final tax filing was already submnitted. State Tax people saying that the taxes are still due. My accountant says that since the taxes are at the LLC level and it is dissolved that I don't have a personal obligation to pay them … read more
Barbara
Barbara
Enrolled Agent, Paralegal
14,479 satisfied customers
2 Member LLC now 1 Member LLC. What forms to file to IRS? I
2 Member LLC now 1 Member LLC. What forms to file to IRS?I have an LLC that was Me and Member B. Member B has now left the LLC and sold his ownership to me for no consideration. I am now the sole owne… read more
Barbara
Barbara
Enrolled Agent, Paralegal
14,479 satisfied customers
Background: Wife and I were owners of 25% each of four
Background: Wife and I were owners of 25% each of four person partnership that owns one single family residence income property. Wife dies in 2015. Partnership agreement requires three remaining partn… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
46,803 satisfied customers
We obtained FED EIN in 2015 with multimember LLC and
We obtained FED EIN in 2015 with multimember LLC and registered as multimember LLC with AZ State as well. After this in DEC 2015, we amended our AZ articles to just a single member LLC. Our question i… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
5,020 satisfied customers
hi, If I buy a real estate using a LLC ( having as members
hi, If I buy a real estate using a LLC ( having as members my family members) and I sell later the ownership of the participation in the LLC to a Foreight Corporation....what are the implications ? is… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
46,803 satisfied customers
Hello, In Sept 2012 my husband and I purchased a Condo with
Hello, In Sept 2012 my husband and I purchased a Condo with 5 other couples. We created an LLC and 2 couples have 1/4 share and 4 couples have 1/8 share. It was rented one time between Sept-Dec ($550)… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
46,803 satisfied customers
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