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11 December 2023 | 99 replies
You get “paid” automatically....the llc is disregarded as far as taxes go, so you’re paying tax on any profits anyway, you simply take the distribution...no need to “pay yourself a salary” as that turns passive income into active income, with ss/med taxes getting added in.
30 September 2021 | 5 replies
If you sell as your wife and buy as a disregarded single member LLC (you and your wife) it will still be reported on that same tax return (this is where the community property aspect helps you).So both of you being on title should be no problem as your CPA said as long as the above conditions exist.
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22 December 2023 | 13 replies
If the Seller will be conveying the property via deed and providing standby or carryback financing, then you may generally disregard their current equity position.
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4 July 2022 | 149 replies
Personally I would rather he moved after his whining.He makes enough money and this is not about someone being on the street.He is also a business person himself.If he has disregard for my business I am uncertain I want him.The biggest issue is that he stated he will be under duress to stay because he is too busy to move, yet I do not want him now.
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17 November 2023 | 16 replies
@James MillerYou could, but a multi member LLC has other inconvenient, especially tax-wise as it is not a disregarded entity anymore.
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16 September 2023 | 43 replies
He is unreasonable and clearly disregarding his contract.
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23 January 2021 | 7 replies
If you are the ONLY member / owner of the LLC, the IRS calls it a disregarded tax entity, and, like @Cody L. says, all the income and expenses get reported onto your personal tax return.
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31 March 2019 | 7 replies
As disregarded entities, these sub LLCs don’t file taxes (at least at the federal level) and won’t increase your tax burden.
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14 January 2013 | 8 replies
Please make all payments payable to: ____________________________________If this matter has been tended to, please disregard this notice and consider it a thank you for your kind cooperation.
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21 November 2021 | 6 replies
@Tyler CraigIf you are in the infancy stages - I would disregard the LLC and just go with proper insurance coverage.Consult with an attorney / insurance agent.If you do go with the LLC route, you normally want to have it set up in the state where the property is located.