Katie <katiej_1958[at]yahoo.com> wrote:

- quote -

We??? Ha! You handle the interstate income tax questions
practically single handed. And do a great job of it, too.

Stu

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"James Lewis" <j...[at]verizon.net> wrote:
- quote -

And we can handle a lot of state income tax questions too.

Katie in San Diego.

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rdrnws <rdrnws[at]mail.com> wrote:

- quote -

An LLC is not a federal entity, only a state entity.

So a Single Member LLC is going to be reported on the
appropriate schedule of your Form 1040, Sch C for business,
Sch F for farming, Sch E for rentals, Sch B for
interest/dividend income, etc.

And a multi-member LLC will be treated as a partnership. It
will file its own Form 1065 plus any necessary Schedules K-1
to the partners.

However, in either case you can choose the first year to
treat the LLC for tax purposes as a corporation. Not
necessarily a good decision, but an allowed decision.

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"rdrnws" <rdrnws[at]mail.com> wrote:

- quote -

That's hard to say with ALL the info provided. However, if
it's a federal income tax question, this one is hard to
beat.

Mike

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rdrnws wrote:

- quote -

Right here.

ChEAr$,
Harlan Lunsford, EA n LA

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Hi,

which would be the most appropriate group(s) for posting a
few - elementary - LLC taxation queries? TIA,

Nikolas

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