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Updated about 6 years ago on . Most recent reply
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First Tax Filing for LLC - DIY?
Hi all. I would like to know if I can file my LLC business tax return myself? Here are my details, which to me seem as simple as possible so wondering what my options are.
Set up LLC in Jan 11, 2018 - WA is home address with 2 homes in TN.
Purchased 2 homes (cash) -- June
Set up bank account for LLC
1 home rented, 1 vacant
Transferred titles for 2 homes into LLC (Sept)
** LLC has 2 operators, myself and my wife, no additional employees
** To date I have not set up any actual transactions. Aka all rent is coming into my personal account.
I am a noob here but after 2 estimates cost to file is around $1500-$1700. Because I don't have many properties this feels very expensive and eats into my cash flow. Anyway I can do this myself OR is this something too complex for a non-expert?
Most Popular Reply
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You received some great advice from @Eamonn McElroy.
I agree. Based on the info provided, those tax prep quotes sound high.
- Daniel Hyman
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