Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago on . Most recent reply
Question About Paying LLC Taxes
Hello,
I have a 50/50 LLC with my spouse. Obviously that LLC income flows directly onto our personal joint return. The LLC has a separate bank account to keep funds separate. The LLC money has been reinvested in another project. My question is should I pay the IRS from my personal account (for which the personal return is filed) or from the LLC account? If from the LLC account I would need to transfer the funds from personal to LLC and then cut a check from the LLC (no big deal).
I just want to make sure I am doing it the right way to not pierce the corporate veil.
Thanks so much!