Charles is correct; the LLC member must pay income taxes on their share of the LLC's income. Notice I did not say cash distributed to you but...

You should be able to claim it on your tax 2021 tax return. The IRS is expecting this on alot of return this year, Best Regards.

So if you give your friend the cert to go purchase something for your company to resell then your friend is acting as your agent / employee. When...

It depends... After Wayfair if you exceed a predefined number of transactions or amount of sales in a given state, it does not matter that you are...

Remember why selling most stuff you are taxed on the next profit not the gross sale. If the stuff you sold was previously purchased some years ago...

I agree with what Matt stated above but will add entities should purchase property for some business purpose. Otherwise, it would look like you are...

Kaye is correct and you could even do it online. I just wanted to add that is you and your spouse had the taxes done by a CPA or one of those...

You will need to use the search option in Avvo to find an attorney in your local community. People who reply to These questions are not allowed to...

The IRS is taking forever to process POA paperwork so delays are expected. Best Regards

I think you might be overcomplicating this. First depending on you situation the 401(k) might offer some nice benefits. But that will depend on...