www.irs.gov/pub/irs-pdf/p3402.pdf "What Kind of Tax Return Do I File? 1. Single member LLCs. Generally, when an LLC has only one member, the fact that it is an LLC is ignored or “disregarded” for the purpose of filing a federal tax return.1"
On Aug 22, 6:35 pm, Keith Aric Hall <[email protected]> wrote: > 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 -~----------~----~----~----~------~----~------~--~---
