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11 September 2017 | 3 replies
So, in the instructions it says, because I am the sole member of the LLC, I am a Disregarded Entity, which means the entity is disregarded as seperate from myself for federal tax purposes.
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13 September 2017 | 3 replies
However, if you were on a month-to-month and did indeed give 30 days notice, then disregard that.
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16 September 2017 | 2 replies
If the LLCs are disregarded entities then you are actually the tax payer for the properties and the LLCs are simple title holders.
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19 September 2017 | 9 replies
The critical issue is that the person selling the relinquished property and the person acquiring the new replacement property must be considered to be the same taxpayer or taxpaying entity.You and your husband can sell the relinquished property held in your limited liability company and then acquire the replacement property in your individual names as husband and wife and then later contribute the property into the limited liability company AS LONG AS the limited liability company is considered to be a DISREGARDED ENTITY.I assume from your original post that your limited liability company has you and your husband as the sole members of the LLC.
17 September 2017 | 10 replies
LLCs are disregarded entities, so the tax reporting is done on your personal returns.
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24 October 2018 | 15 replies
Consult your accountant, but in general, assuming you are setting your LLC up as a pass through/ disregarded entity, you will personally owe state income taxes on the income assuming you and/or your business are in a state with state income tax.
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2 November 2018 | 9 replies
However, this is why the whole concept of "disregarded" comes about.
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28 October 2018 | 35 replies
with total disregard to the individuals acumen to real estate or financial condition or abilities which as we know is a huge component.. some do quite well paying for these expensive courses and its just like the 1 million member BP club..
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28 October 2018 | 10 replies
What if you have a SMLLC disregarded for tax purposes?