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Results (4,002+)
Alicia Collins LLC or personal name for all-cash offer?
7 April 2019 | 7 replies
As for the tax implication, it's a non-event:"When the IRS “disregards” an LLC, it means that, although the LLC and it's owner are separate entities (for liability purposes), the IRS “disregards” them and just taxes the LLC however its owner is taxed.
Asher Knudson Business Checking Or Personal Checking
17 April 2019 | 9 replies
I’ll answer the “it is only me in the LLC” comment.A single-member LLC is considered a "disregarded entity" by the IRS and the LLC's activities will be reflected on the owner's federal 1040 tax return.  
Vincent Buonora Looking to buy two homes one property, financing?
3 May 2019 | 3 replies
If it's two houses on two parcels, then disregard the above, that would require 2 loans.What is true: There is NO WAY to know before the appraisal comes back if VA will go for it. 
Tim Ivory Filing Taxes 2018 with LLC (Beginner Question)
4 April 2019 | 27 replies
A SMLLC taxed as a disregarded entity doesn't automatically report on the Sch C is what I was getting at. 
Brad Cullen Single owner LLC or multi owner LLC
5 April 2019 | 2 replies
This allows them to be single member entities, which allows me to declare them as “disregarded entities” with the IRS.
Nate Fanara Totally lost on creating LLC
23 September 2019 | 31 replies
By using this double layering, your local LLC is protected from outside threats thanks to the holding LLC.Taxwise, the local LLC is disregarded and only the holding LLC will have to report (if multimember).
Michele B Cagle Stumbled into a mess ....
9 April 2019 | 9 replies
As for the tax implication, it's a non-event:"When the IRS “disregards” an LLC, it means that, although the LLC and it's owner are separate entities (for liability purposes), the IRS “disregards” them and just taxes the LLC however its owner is taxed.
Llewelyn A. How to Handle Charges on Personal Credit Cards
7 April 2019 | 6 replies
For tax, I assume you have a SMLLC taxed as a disregarded entity, if so using a personal credit card for business doesn't make things too complicated.To make it cleaner, and easier to track, I would only use that credit card for business expenses and nothing personal so you (or your CPA/EA) doesn't have to scrutinize each and every charge at tax time.
Paul Mossa DO i need a different LLC in a different state?
11 April 2019 | 3 replies
Have that LLC be owned by your Texas LLC and be set up as a disregarded entity for taxes and as member managed.
Mike Moran SEP IRA - disregarded entity?
18 April 2019 | 6 replies
However, I utilize a disregarded entity to own and manage several small apartment buildings (single-member LLC); have a partnership that practices BRRRR & flips; and another partnership that holds a small apartment building.What are my options for SEP IRA?