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#1
07-06-2005, 04:19 AM
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 Re: Single-Member LLC in Georgia "Titus Barik" <titus[at]barik.net> wrote - quote - > I know that for federal tax reporting purposes a SMLLC is a
Georgia follows Federal laws, for the most part.> disregarded entity and one must simply use the 1040 Schedule > C with their normal personal tax returns. > However, for state taxes in Georgia, what must be done for a > SMLLC? - quote - > Is it similar?
The AGI of your 1040 (which includes your Schedule C income)are the basic starting point for the Georgia 500. - quote - > I'm having a hard time finding anything on gatax.org
Yup. Be sure to check for any adjustments that need to be> about taxation for an SMLLC. I assume > that I only have to fill out a Georgia Form 500 and the > "Pass Through Credits from Ownership of LLC" section. > Is this correct? done, Schedule 1 of Form 500. -- Paul A. Thomas, CPA Athens, Georgia taxman at negia.net << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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07-06-2005, 04:00 AM
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| Re: Single-Member LLC in Georgia "Titus Barik" <titus[at]barik.net> wrote: - quote - > I know that for federal tax reporting purposes a SMLLC is a
I believe you are correct.> disregarded entity and one must simply use the 1040 Schedule > C with their normal personal tax returns. > However, for state taxes in Georgia, what must be done for a > SMLLC? Is it similar? I'm having a hard time finding > anything on gatax.org about taxation for an SMLLC. I assume > that I only have to fill out a Georgia Form 500 and the > "Pass Through Credits from Ownership of LLC" section. > Is this correct? Wayne Brasch << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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#-1
07-03-2005, 04:27 PM
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| Single-Member LLC in Georgia I know that for federal tax reporting purposes a SMLLC is a disregarded entity and one must simply use the 1040 Schedule C with their normal personal tax returns. However, for state taxes in Georgia, what must be done for a SMLLC? Is it similar? I'm having a hard time finding anything on gatax.org about taxation for an SMLLC. I assume that I only have to fill out a Georgia Form 500 and the "Pass Through Credits from Ownership of LLC" section. Is this correct? Thanks, -- Titus Barik (titus[at]barik.net) << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
| Tags |
| georgia, llc, singlemember |
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