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29 June 2022 | 2 replies
@Steve DaoAsk your cpa but Not sure why you would do this as a LLC is a disregarded entity and flows back through you anyways.
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20 April 2022 | 4 replies
LLC is a 'disregarded entity' as far as the IRS is concerned.
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20 April 2022 | 3 replies
If the LLC is a *disregarded* entity, and the taxes and income flow through to you, individually, then you are the taxpayer performing the transaction, and it's likely that you can combine the exchange.
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28 April 2022 | 12 replies
They are extremely rare and results from gross mismanagement of the member/owner that can be easily avoided.Now, if you have a personal liability attack against you (your kid is involved in a vehicle homicide for instance), an LLC in a charging order state will protect your real estate from being taken away from you.Last if you use anonymity protection with an LLC, you will avoid a lot of possible nightmare stories of harassment, threats, vandalism, libel to your home, work and social media by a disgruntled tenant.It may also protect you from frivolous lawsuits as an asset search by ambulance chaser lawyers will return nothing.To answer your questions:Yes if your LLC is disregarded for tax purpose, there will be no change to your tax return.
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30 April 2022 | 15 replies
So don’t completely disregard what is being taught in total money makeover.
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5 May 2022 | 3 replies
My LLC has two other small percentage owners and is structured as an S-corp as to not be viewed as a disregarded entity.
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18 November 2021 | 3 replies
If I’m not allowed to post this please disregard.
1 December 2021 | 18 replies
Some other poster wrote that he could disregard the loans if his outfit was allowed to directly pay the loans off out of proceeds at closing.
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1 December 2021 | 8 replies
It is a disregarded entity which means for tax purposes it is the same as the owner.
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8 May 2021 | 31 replies
Some states are already disregarding the federal CDC order and proceeding with evictions.