Dude, please stop. Pub 555 is in regards to community property laws. It has nothing to do with your federal tax status or your federal tax return. LLCs file form 1065 same as a partnership. You may not be making it up, but you certainly do not know what you are talking about. I got my degree in accounting and worked both Arthur Andresen, LLP and Ernst & Young, LLP as a tax accountant 10 yrs ago before i made the jump to web dev and graphic design. Information can be a dangerous thing. Please consult a tax professional.
On Sat, Aug 22, 2009 at 5:43 PM, ferodynamics <[email protected]> wrote: > > I don't make this stuff up, I'm sure you can find plenty more > references as IRS.gov - http://www.irs.gov/faqs/faq/0,,id=199633,00.html > > "If the LLC has: Only one owner, (see Publication 555, on > community property states), it will automatically be treated as if it > were a sole proprietorship (a disregarded entity), unless an election > is made for it to be treated as a corporation." > > As I said, no distinction. You file as a sole proprietor, partnership > or corporation, you don't file as LLC. > > On Aug 22, 4:13 pm, Keith Aric Hall <[email protected]> wrote: > > I disagree as well. > > LLCs are not the same as C-Corps. Your point about tax benefit of LLC vs > > C-Corp is incorrect as well. The IRS does make a distinction. > > Good one. Now where's your proof? > > > > > -- Keith Aric Hall http://www.keitharichall.com/ twitter: keitharichall --~--~---------~--~----~------------~-------~--~----~ Our Web site: http://www.RefreshAustin.org/ You received this message because you are subscribed to the Google Groups "Refresh Austin" group. [ Posting ] To post to this group, send email to [email protected] Job-related postings should follow http://tr.im/refreshaustinjobspolicy We do not accept job posts from recruiters. [ Unsubscribe ] To unsubscribe from this group, send email to [email protected] [ More Info ] For more options, visit this group at http://groups.google.com/group/Refresh-Austin -~----------~----~----~----~------~----~------~--~---
