12 Jul Tax Implications of Converting an LLC to a Corporation
Seeking clarity in the US Tax Code on Behalf of US Taxpayers EVERYWHERE...
Seeking clarity in the US Tax Code on Behalf of US Taxpayers EVERYWHERE...
Business Entity Selection and the Tax Consequences of Converting...
In 1997, the IRS issued proposed regulations governing when the distributive share of partnership income for Limited Liability Company (LLC) members was to be included in self-employment income. It basically advised that an LLC member would be treated as a limited partner — and thus...
A taxpayer reading one of my blog posts from Ishpeming, Michigan was compelled to call me today. She was a member in a Limited Liability Company (LLC) who had ultimately resigned herself to abandoning her interest in the LLC. In advance of the call she faxed...
What I love most about Colorado, more than the 300+ days of sun every year and the glorious rocky mountains, are the people. Â For the most Coloradans are risk taking job creators, starting new businesses from scratch out of their garages and turning passions for...
Should A Husband & Wife Form an LLC to Invest In Real Estate? Literally the $1,000,000 question. A husband and wife formed a Limited Liability Corporation (LLC) that invests in rental real estate to protect themselves in event of a lawsuit. They want to know if...
Over the years, there has been confusion regarding Single Member Limited Liability Companies (SMLLCs) in general and specifically, how they can report and pay employment taxes. An LLC is a new entity created by state statute. The IRS did not create a new tax classification for...