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Updated over 9 years ago on . Most recent reply

Freeman Schultz's profile image
Freeman Schultz's profile image
Freeman Schultz
  • from long island, new york
  • Member since Oct 5, 2015
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Freeman Schultz's profile image
Freeman Schultz's profile image
Freeman Schultz
  • from long island, new york
  • Member since Oct 5, 2015
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Freeman Schultz
  • long island, NY
10
Votes |
103
Posts
Tax, SDIRAs & Cost Segregation

Tax and the LLC

Freeman Schultz
  • long island, NY
Posted

I heard that if you are a sole member LLC that you must pay income tax on the money that is in your accounts. But you will pay less taxes if there is more than on member.

How does this exactly work? 

Does having an LLC bring a huge tax burden if you are the sole member?

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