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

Excellent point. Sorry I didn't think of it first. ;-)

Stu

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

Stuart Bronstein <spamt...[at]lexregia.com> wrote:
- quote -

The "check the box" regulations made all those rulings
obsolete. Now an LLC (or any unincorporated business
association) can choose to be taxed as a corporation. If it
does not elect corporate treatment, it will be treated as a
partnership if it has more than one member. If it has a
single member, it will be disregarded as an entity separate
from its owner.

So it doesn't matter how the IRS ruled on any particular
state's LLC statute before Jan. 1, 1997 (the effective date
of the new Reg. Sec. 301.7701-1 ff). Those rulings are of
purely historical interest. Not worth a trip to the law
library unless you are writing a historical treatise.

Katie in San Diego

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

"Bernard S" <berniesa[at]pacifier.com> wrote:
- quote -

There are some there, but I was only able to find very few.
So the ones you are interested in may not be there.

Commerce Clearing House has all private letter rulings
available, indexed and cross-referenced. Check it out at
any law library.

Stu

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

"Stuart Bronstein" <spamtrap[at]lexregia.com> wrote:
- quote -

Where are these letter rulings? Can I find them at IRS.gov?

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

kamlet[at]panix.com (Arthur Kamlet) wrote:

- quote -

The IRC doesn't define an LLC, but every state has a letter
ruling from the IRS, determining how LLC's are treated under
the IRC.

Stu

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

Harlan Lunsford <f77g0g$d51$1[at]panix3.panix.com> wrote:
- quote -

Harlan,

Thanks, I think.

I've often been called a lot of things, but this is a new one :^|

--
ArtKamlet at a o l dot c o m Columbus OH K2PZH

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

Arthur Kamlet wrote:
- quote -

Bravo. Al

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

<Sir.M.Messervy[at]gmail.com> wrote:

- quote -

Sometimes I don't mind answering homework questions, so
here goes:

A: Maybe, and "What's an LLC?" Where in the Internal Revenue
Code is an LLC defined?

--
ArtKamlet at a o l dot c o m Columbus OH K2PZH

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

I have been thinking about starting my own home business. I
do not plan to quit my day job. The plan is to create an
LLC. It might be quite awhile before I make any money. I
just read that if you have a home business some items, home
office, business related travel and education, computers,
etc. are tax deductible.

My question is does the business have to make a certain
abount of money to qualify for this deduction? And do these
deductions still apply to an LLC?

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >