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Updated almost 7 years ago,
Understanding LLC through and through
I'll be receiving a 1099 from a company to my llc for driving truck. I'll take what i need for the month and put it into my personal checking account. Then put 25% in personal saving for taxes. Do i still have to pay taxes on my LLc money? Being a truck driver how do i find out what deductions i can wright off on the llc? Is it ok for me to transfer money from the llc to the personal checking? An i going about this whole process right?