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Updated about 6 years ago on . Most recent reply
Brand new, LLC no income, cpa for taxes?
Started a new LLC in October, I have accrued a lot of expenses but no income. Should I file taxes with a CPA or am I ok to file taxes this year on my own?
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Ashish Acharya
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Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
Tax & Financial Services
Pro Member
#2 Tax, SDIRAs & Cost Segregation Contributor
- CPA, CFP®, PFS
- Florida
Originally posted by @Fernando Favela:
Started a new LLC in October, I have accrued a lot of expenses but no income. Should I file taxes with a CPA or am I ok to file taxes this year on my own?
It is impossible to give you answers without knowing more detail. But If you want to file correctly you want a professional as not all the expenses will be deductible.
Also depends on the activity that LLC is conducting. Rental vs flips
- Ashish Acharya
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